Tag

State Capture

All articles tagged with #state capture

businessaviation2 years ago•6 min saved

"South African Airways Resumes Intercontinental Travel Amid Turmoil"

South African Airways, once a major player in African aviation, has returned to intercontinental travel after facing financial struggles and corruption. The airline, under new management, aims to shift from state dependence to financial self-sustainability. Despite challenges, including a history of mismanagement and reliance on government support, SAA is expanding its routes and seeking alliances with other African airlines. The future remains uncertain, as the African aviation industry continues to face difficulties, but SAA's new business strategy offers hope for a promising future.

via BBC.com|

#african-aviation #businessaviation #financial-viability

international-affairs2 years ago•7 min saved

Understanding the Impact of US Sanctions on Wagner and its Affiliates

The US Treasury Department has imposed sanctions on gold and diamond mining companies connected to the Wagner group in Mali and the Central African Republic (CAR) after the group's founder, Yevgeny Prigozhin, attempted to stage a mutiny in Russia. While Wagner earns some money from its illicit mining activities, its significant funding primarily comes from the Russian government. The mining operations in Africa serve a political purpose of state capture rather than a financial one. The sanctions provide evidence of Wagner's connections and call out the regimes that enable the group. The full extent of Wagner's funding remains unclear, but the future of Prigozhin's forces is weakened and complicated. Russia's foreign policy goals in Africa remain the same, and it still needs proxy forces to continue its trouble-making approach.

via Vox.com|

#international-affairs #mining #russia

corruption2 years ago•5 min saved

The Gupta Brothers' State Capture Aided by Gold Mafia in South Africa.

Mohamed Khan, a well-known South African money launderer, was behind three companies that played a key role in the country’s state capture by the controversial Gupta brothers under former President Jacob Zuma, according to documents obtained by Al Jazeera. The three companies were identified by the Zondo Commission as conduits used for fraud and the capture of state funds by a small group of South African politicians and businessmen. The new revelation is part of Gold Mafia, a four-part investigative series into several gold smuggling and money laundering gangs operating in Southern Africa.

via Al Jazeera English|

#corruption #gupta-brothers #mohamed-khan