Zuma sets up state capture inquiry

Cyril Ramaphosa at the ANC’s 54th elective conference at Nasrec Soweto

Cyril Ramaphosa at the ANC’s 54th elective conference at Nasrec Soweto

The report revealed there was an improper and possibly corrupt relationship between the wealthy Saxonwold-based Gupta family, who have interests in media, mining and technology, and several key members of Zuma's inner-circle, including his son Duduzane, parastatal bosses and ministers.

A previous investigation into the issue of state capture was not completed due to a lack of resources but former public protector Thuli Madonsela said she was encouraged by Zuma's reference to it.

The South African Communist Party (SACP) has welcomed the appointment of the judicial commission of inquiry into state capture, saying it was long overdue.

IFP MP Mkhuleko Hlengwa in a statement cautioned Zuma to not try and "rewrite" or "revamp" the terms of reference for the commission of inquiry as they have already been succinctly spelt out by the Public Protector.

Some opposition parties have already voiced their concern about the inquiry's terms of reference, and Madonsela told News24 earlier on Wednesday that the inquiry to be headed by Deputy Chief Justice Raymond Zondo may only focus on state capture allegedly committed by the Zuma and Gupta families.

It added that Zuma will lead the country's delegation to the 30th African Union Summit in Addis Ababa, scheduled to take place from 22-29 January 2018, with the President also attending the African Peer Review Mechanism/NEPAD sessions on 27 January and the 30th Ordinary Session of the Assembly of the Heads of State and Government of the African Union scheduled to take place 28-29 January. "However, I am taking further legal advice on the prosecution of this appeal".

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"I am not going to be lured by a red herring".

"I have appealed the cost order as well as the order regarding the duties of the president to appoint commissions of inquiry in terms of section 84 of the Constitution", Zuma states.

The US 10-year treasury was last at 2.5939% from 2.5543%. I am happy and welcome the announcement.

The SACP's Alex Mashilo has raised concerns.

Mkhwebane also said she would be available to assist with the development of the terms of reference if needed. "It must be properly staffed, fully funded and free from any political inference", DA leader Mmusi Maimane said in a statement. "There is no room to expand the commission to include what was never investigated", she said.

Madonsela released a report‚ titled State of Capture‚ in November past year concerning allegations of an improper relationship between Zuma‚ other state officials and the Gupta family.

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