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FRIDAY BRIEFING | Daylight robbery: SA's extortion crisis

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As  EDITORIAL Daylight robbery: SA's extortion crisis On Thursday morning, I spoke to the secretary of the Nyanga CPF, Dumisani Qwebe, about the prevalence of extortion rackets. Qwebe says that the CPF has been raising this issue since at least 2015 when he joined the forum, warning even then that this was going to be major problem. "Remember, extortion didn't start today, it has been here for so long. Previously it was called a 'plough back approach'." These criminal elements first targeted construction sites and tender winners, justifying their criminal approach as "you can't leave us [the community] without anything". That evolved into brazen "protection fees" that permeated every facet of community life - schools, local businesses, hawkers, churches and even taxis are forced "to pay s...
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SA Money Daily | Turkcell vs MTN: Billion-dollar lawsuit over Iranian licence heads to appeals court

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The powerhouse behind Matla's turnaround: An Eskom success story SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF , BUSINESS DEPUTY EDITOR Turkcell vs MTN: Billion-dollar lawsuit over Iranian licence heads to appeals court Turkish telecom giant Turkcell's lawsuit against MTN over a 2004 Iranian mobile operator licence is back in court this week - possibly its last chance to prove it was ousted illegally from the deal.     For well over a decade, Istanbul-headquartered Turkcell has argued that MTN hatched a plot around 2004 to overturn the results of a public tender for Iran's first private mobile licence.   It has accused the SA mobile operator of paying off senior Iranian and South African offic...
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