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SOUTH AFRICA: JACOB ZUMA TO FACE CORRUPTION CHARGES IN COURT

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Former South African president Jacob Zuma appeared in court Friday to face corruption charges relating to a $2.5 billion arms deal, a scandal from the 1990s that has come back to haunt him within weeks of his fall from power.

The 75-year-old, whose scandal-plagued nine years in office were marked by economic stagnation and credit downgrades, faces 16 charges including fraud, racketeering and money laundering.

Zuma denies any wrongdoing and is challenging the decision to prosecute the case, a dramatic development on a continent where political leaders are rarely held to account for their actions before the law.

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Wearing a dark suit, a smiling Zuma waved to crowds of supporters and reporters as he mounted the steps of the High Court in Durban shortly before 0700 GMT.

The speed with which prosecutors have booked his day in court is a sign of the loss of control Zuma has suffered since his successor, Cyril Ramaphosa, became head of the ruling African National Congress (ANC) in December.

However, Zuma still retains some popular support, especially in his home province of KwaZulu-Natal, where the case is being heard.

Heavily armed police in riot gear lined the square outside the court, as thousands of Zuma supporters gathered to express solidarity with a leader they say is the victim of a politically motivated witch hunt.

Marchers, many clad in the distinctive yellow, green and black of the ANC, carried placards reading “Hands off Zuma” and performed the high-stepping toyi-toyi protest dance made popular in South Africa’s decades-long struggle against apartheid.

Businessman Siya Khoza said he admired Zuma’s determination to bring in economic policies that he said were designed to spread the wealth in what remains one of the world’s most unequal societies.

“Whatever happens we will still support Zuma because we believe he brought us radical economic transformation and we still believe that him being in the ANC he will push for it,” said Khoza, wearing a waistcoat emblazoned in ANC colors.

Zuma’ son Edward told supporters at nearby park where several thousand people held an overnight vigil that his father was not worried.

“I would want to believe that as an innocent man, he is definitely not worried,” the domestic agency quoted Edward Zuma as saying.

Zuma, who was forced to resign by the ANC last month, was at the center of a 1990s deal to buy billions of dollars of European military hardware to upgrade South Africa’s post-apartheid armed forces.

But the deal was mired in scandal and controversy from the start, with many inside and outside the ANC questioning the spending given the massive social issues, from health to education, Nelson Mandela’s party had to address after coming to power in 1994.

Fallout has cast a shadow over South African politics ever since.

Zuma was deputy president at the time. Schabir Shaikh, his former financial adviser, was found guilty and jailed in 2005 for trying to solicit bribes for Zuma from a subsidiary of French arms company Thales.

The company is facing charges in the same case.

Charges against Zuma were filed but then set aside by the National Prosecuting Authority shortly before he successfully ran for president in 2009. The charges were re-instated in 2016.

Since his election nine years ago, his opponents have fought a lengthy legal battle to have the charges reinstated. Zuma countered with his own legal challenges.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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