Eyal will be back in court in February after the US Securities Exchange Commission (SEC) added new charges after the plea deal on Thursday. The SEC wants to recover all of the ICO's $42.5m and bar him for life from holding any management role in a US entity. The SEC alleges he ran a fraudulent unregistered securities offering and that he spent $500,000 of investor funds on rent, shopping, entertainment and a dating service. But investigators have only been able to find $450,000 of the $42.5m, and he has been ordered to return that amount to investors. Eyal launched a company called Springleap while living in Sea Point between 2010 and 2014, and after moving to New York he convinced investors

Johannesburg - Former Eskom chief executive Brian Molefe has broken his silence on the electricity crisis, saying the power utility needed to deal with systematic problems, increase the energy availability factor of its power plants, maintain them regularly and stop witch-hunts and diversion tactics. In a wide-ranging interview with Sunday Independent at Irene in Tshwane on Wednesday, Molefe urged the Ramaphosa administration to run Eskom's power plants by the book, focus on planned maintenance and dump ideological and “politically correct” decisions on the inclusion of renewable energy independent power producers (IPPs) into the national grid. The former Transnet boss, who is credited with ending

Zimbabwean authorities arrested the wife of Vice President Constantino Chiwenga on charges of money laundering, fraud and violating exchange control regulations, the country's anti Corruption Commission (ZACC) said on Sunday. Mary Mubaiwa was arrested on Saturday evening and will likely appear in court on Monday, ZACC spokesman John Makamure said. He declined to give further details. Mubaiwa could not be reached for comment on Sunday. Appointed by President Emmerson Mnangagwa this year, ZACC is under pressure to show that it can tackle high-level graft, which watchdog Transparency International estimates is costing the country $1 billion annually.

JOHANNESBURG - A 24-year-old woman and her husband have been shot dead and her 27-year-old sister was seriously wounded in a "suspected" armed robbery at their home in Kibler Park in Johannesburg on Saturday night, paramedics said. ER24 paramedics arrived on the scene at 11.04pm to find "the body of a man, presumed to be around 40 years of age, and the injured sister inside the house", ER24 spokesman Ross Campbell said on Sunday. "The body of the wife was found outside; all had suffered gunshot wounds. The 27-year-old woman was treated on [the] scene and stabilised before being transported to Chris Hani Baragwanath Hospital for further care. An advanced life support medic from another private

Solomon said his family did not believe in revenge. He said he did not know whether his brother's death was linked to other gang killings in the city. “There are many rumours doing the rounds in the Western Cape but we know nothing about them,” said Solomon. “I am working in prison. I am ministering in prison and this morning while I was in prison I heard all these rumours. I can't tell you anything about those things. I have no clue whatsoever.” Asked if Staggie's death revived memories of Rashaad's killing, Solomon said: “I think if you look at what is happening in the Western Cape, you will read in the media that it is another gangster. But it is someone's brother, father and family. “Unfortunately

Just six months ago Zozibini Tunzi was an eager intern at a Cape Town public relations firm. Then in August she won Miss SA and her life changed instantly. But on Sunday night her trajectory rocketed when she was crowned Miss Universe 2019 in a star-studded pageant in Atlanta in the US...