President Jacob Zuma
President Jacob Zuma
— President Jacob Zuma, who is on a state visit to the Arab kingdom, told a South Africa-Saudi Arabia business seminar that while political relations between the two countries were strong, economic and trade ties should be reviewed and revitalised.

“The next important step is to enhance bilateral trade, investment flows, the identification of targeted areas of collaboration and to address impediments in this respect as well as the implementation of a mutually agreed upon framework to enhance economic, trade and investment cooperation,” he said. (Business Day)

— A South African billionaire, Johann Rupert, is at the centre of a rip-roaring battle in the ruling African National Congress at the end of a week in which the row over “state capture” refused to quieten down.

In a lengthy briefing at last week’s tense ANC national executive committee meeting, President Jacob Zuma said a Rupert family member had flown from London to meet an ANC official to express market unhappiness with the appointment of David van Rooyen as finance minister — part of an argument that white capital is also engaged in ­alleged state capture. (City Press) Enditem

Source: Xinhua

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