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S.Africa's ex-transport bosses charged over Zuma-era graft case
S.Africa's ex-transport bosses charged over Zuma-era graft case
Economy
by  AFP

Four former executives at South Africa's failing transport company were arrested and charged Monday over allegations of corruption worth millions of dollars in a high-profile case linked to the plunder of state resources. The web of corruption that hollowed out the companies is commonly referred to as "state capture" in South Africa.

ADB acting on US concerns over China, bank chief tells AFP
ADB acting on US concerns over China, bank chief tells AFP
Economy
by  AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy. "I try very hard to accommodate the issues of the United States," he said.