Industrialist takes the IDC & the PP to court: SA is an autocracy without accountability - Angus Norkie

Loading player...
A black industrialist is taking the Industrial Development Corporation (IDC) and the Public Protector (PP) to the High Court. Angus Norkie of Nocks Oil charges that there was “something seriously sinister” in how the goal posts kept being shifted by the IDC when he tried to secure funding. He says “more surprisingly”, when the “maladministration” within the IDC was reported to the PP, he was met with “more lawlessness”. Speaking to BizNews, Norkie gives a blow-by-blow account of his dealings with the IDC since 2018, as well as his subsequent dealings with the PP’s office. “Politicians are fond of saying that we live in a democracy, but that democracy means absolutely nothing without effective public protection…This is autocracy with a lack of accountability,” he says. - Chris Steyn
13 Sep 2023 6AM English South Africa Investing · Business News

Other recent episodes

Jasmine Opperman: Hamas-SA: 14 Bitcoin wallets

In this week’s NdB Sunday Show, intelligence analyst Jasmine Opperman of Fulcrum Analytics, reveals to Chris Steyn that there are 14 active cryptocurrency wallets linked to Hamas in South Africa. “We know that Hamas has offices in South Africa. We know that they allowed freedom to move…And that there are…
13 Sep 7AM 18 min

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min