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Chancellor House (company)
Chancellor House is a South African holding company managing investments in the mining, engineering, energy and information technology sectors. It is named after Chancellor House, the building where the law firm of Nelson Mandela and Oliver Tambo was located. After initially being exposed as a surreptitious funding front for the African National Congress (ANC) it was subsequently acknowledged as an in-house investment firm for the party. It is best known for the controversy surrounding the award to it of lucrative black economic empowerment and parastatal contracts. History The existence of the company was first revealed to the public in 2006. A ''Mail & Guardian'' newspaper article alleged that the company had been formed in 2003 on the initiative of Mendi Msimang, then treasurer-general of the ANC, with the explicit intention of raising funds for the party. Prior to the newspaper report the company was virtually unknown; Kgalema Motlanthe, then secretary general of the part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail & Guardian
The ''Mail & Guardian'' is a South African weekly newspaper and website, published by M&G Media in Johannesburg, South Africa. It focuses on political analysis, investigative reporting, Southern African news, local arts, music and popular culture. It is considered a newspaper of record for South Africa. History The publication began as the ''Weekly Mail'', an alternative newspaper by a group of journalists in 1985 after the closure of two leading liberal newspapers, ''The Rand Daily Mail'' and ''Sunday Express''. ''Weekly Mail'' was one of the first newspapers to use Apple Mac desktop publishing. The ''Weekly Mail'' criticised the government and its apartheid policies, which led to the banning of the paper in 1988 by then State President P. W. Botha. The paper was renamed the ''Weekly Mail & Guardian'' from 30 July 1993. The London-based Guardian Media Group (GMG), the publisher of ''The Guardian'', became the majority shareholder of the print edition in 1995, and the name was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Johannesburg
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Alliance (South Africa)
The Democratic Alliance (, DA) is a South African list of political parties in South Africa, political party and the official opposition to the ruling African National Congress (ANC). The party is broadly centrism, centrist, and has been attributed both centre-left and centre-right policies. It is a member of Liberal International and the Africa Liberal Network. The DA traces its roots to the founding of the anti-apartheid Progressive Party (South Africa), Progressive Party in 1959, with many mergers and name changes between that time and the present. The DA ideologically shows a variety of liberal tendencies, including social liberalism, classical liberalism, and conservative liberalism. The current leader of the party is John Steenhuisen, who was announced as the new leader on 1 November 2020 after the party's 2020 Democratic Alliance Federal Congress, Federal Congress. He had previously acted as the interim leader of the party from November 2019 to November 2020. Helen Zille is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hitachi
() is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan Group, Nissan ''zaibatsu'' and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank (the core Fuyo Group company) merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from Information technology, IT, including Artificial intelligence, AI, the Internet of things, Internet of Things, and big data, to infrastructure. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. History Hitachi was founded in 1910 by electrical engineer Namihei Odaira (1874–1951) in Ibaraki Prefecture. The company's firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. territory. Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls. The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commissi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Protector
The Public Protector in South Africa is one of six independent state institutions set up by the country's Constitution to support and defend democracy. According to Section 181 of the Constitution: * These institutions are independent, and subject only to the Constitution and the law. According to the Constitution, they must be impartial and must exercise their powers and perform their functions without fear, favour or prejudice. * Other organs of state, through legislative and other measures, must assist and protect these institutions to ensure the independence, impartiality, dignity and effectiveness of these institutions. * No person or organ of state may interfere with the functioning of these institutions. * These institutions are accountable to the National Assembly, and must report on their activities and the performance of their functions to the Assembly at least once a year. Public Protectors The first person to hold the office was Selby Baqwa, appointed on the incepti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hitachi Power Africa
() is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan Group, Nissan ''zaibatsu'' and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank (the core Fuyo Group company) merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from Information technology, IT, including Artificial intelligence, AI, the Internet of things, Internet of Things, and big data, to infrastructure. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. History Hitachi was founded in 1910 by electrical engineer Namihei Odaira (1874–1951) in Ibaraki Prefecture. The company's firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eskom
Eskom Hld SOC Ltd or Eskom is a South African electricity public utility. It was established in 1923 as the Electricity Supply Commission (ESCOM) and was also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie (EVKOM). Eskom represents South Africa in the Southern African Power Pool. The utility is the largest producer of electricity in Africa, and was among the top utilities in the world in terms of generation capacity and sales, but due to the ANC and incompetence has since slipped in both categories. It is the largest of South Africa's state owned enterprises. Eskom operates a number of notable power stations, including Matimba Power Station and Medupi Power Station in Lephalale, Kusile Power Station in Witbank, Kendal Power Station, and Koeberg Nuclear Power Station in the Western Cape Province, the only nuclear power plant in Africa. The company is divided into Generation, Transmission and Distribution divisions, and together Eskom generates approximately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sandton (Gautrain Station)
Sandton is a metro station on the Gautrain rapid transit system in Sandton, Johannesburg. It opened to traffic on 8 June 2010 with service to OR Tambo International Airport. Location Sandton station is located in the neighbourhood of the same name in northern Johannesburg, specifically near the Sandton City/Nelson Mandela Square developments at the intersection of Rivonia and West Streets.Sandton station ''Gautrain'' Retrieved 24 May 2010 Transit-oriented development Developers and the Gauteng government aimed to make Sandton station the centre of one of the first projects in South Africa. Because of the area's fi ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kgalema Motlanthe
Kgalema Petrus Motlanthe (; born 19 July 1949) is a South African politician who was South Africa's third president of South Africa, president between 25 September 2008 and 9 May 2009, following Thabo Mbeki's resignation. Thereafter, he was deputy president under Jacob Zuma until 26 May 2014. Raised in Soweto in the former Transvaal (province), Transvaal after his family was Apartheid, forcibly removed from Alexandra, Gauteng, Alexandra, Motlanthe was recruited into UMkhonto we Sizwe, the armed wing of the African National Congress (ANC), after he finished high school. Between 1977 and 1987, he was imprisoned on Robben Island under the Terrorism Act, 1967, Terrorism Act for his Internal resistance to apartheid, anti-apartheid activism. Upon his release, he joined the influential National Union of Mineworkers (South Africa), National Union of Mineworkers, where he was general secretary between 1992 and early 1998. After the end of apartheid, he ascended from the trade union moveme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mendi Msimang
Mendi Msimang (8 December 1928 – 3 December 2018) was the treasurer of the African National Congress from 1997 until 2012.Calland, Richard (2006) ''Anatomy of South Africa: Who Holds the Power Today?'', Zebra Press, , p. 288 Biography From 1995 to 1998 he served as High Commissioner in London, England. He was married to former Minister of Health, Manto Tshabalala-Msimang, until her death in 2009. Msimang had been a member of the ANC Youth League and served as secretary to Walter Sisulu Walter Max Ulyate Sisulu (18 May 1912 – 5 May 2003) was a South African anti-apartheid activist and member of the African National Congress (ANC). Between terms as ANC Secretary-General (1949–1954) and ANC Deputy President (1991–1994), h .... Sisulu, Elinor (2003) ''Walter & Albertina Sisulu: In Our Lifetime'', David Philip, , p. 172 He acted as the ANC's London representative in the 1960s.Papenfus, Theresa (ed.) (2004) ''The Road to Democracy in South Africa Volume 1: 1960-1970'', Zeb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
