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Top news items in major S. African media outlets

Xinhua, May 24, 2016 Adjust font size:

The following are highlights of major South African media outlets on Tuesday.

-- The race for a stake in Barclays Africa Group has heated up, with the Public Investment Corporation (PIC) on Monday confirming that it was putting together a consortium of black people to buy into the entity.

PIC CEO Daniel Matjila said the aim was to have black control of the institution, adding that all prospective investors would invest their own money. (Business Day).

-- Protesting residents in Hammanskraal, north of Pretoria, have rejected the South African National Civic Organisation's (Sanco) claim that the Economic Freedom Fighters (EFF) is to blame for illegal land occupation.

The organisation's spokesperson, Jabu Mahlangu, put the blame for the violence on the EFF and accused the party of encouraging the illegal occupation of land. (News24).

-- The final cost of the Seriti commission of inquiry into the multimillion rand arms deal, which concluded that there was zero evidence of corruption or fraud, was more than R137 million (8.7 million U.S. dollars).

The exact amount was revealed by Minister of Justice and Correctional Services Mike Masutha in a written parliamentary reply to DA shadow finance minister David Maynier.(City Press). Endit