• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Africa

Chang’s arrest has ‘nothing to do with secret borrowing’

1 January 2019, 4:21 PM  |
Reuters Reuters |  @SABCNews
Manuel Chang has been nabbed at the request of the United States.

Manuel Chang has been nabbed at the request of the United States.

Image: Reuters

Manuel Chang has been nabbed at the request of the United States.

Reports from Mozambique say the arrest of former Finance Minister, Manuel Chang, in South Africa has nothing to do with a secret borrowing saga in Mozambique when Chang was Finance Minister in 2013 and 2014.

Mozambique’s Treasury had, at the time, guaranteed two billion dollars in secret borrowing by state-owned firms, prompting foreign donors, including the International Monetary Fund, to cut off support.

Chang has been nabbed at the request of the United States.

Police Spokesperson Vish Naidoo says Chang was arrested in Johannesburg.

Mozambique’s state news agency says Chang is wanted in the US on charges of conspiracy to commit wire fraud, conspiracy to commit securities fraud and money laundering.

Share article
Tags: Manuel ChangSecret borrowingSouth AfricaMozambiqueArrest
Previous Post

South Africa’s beaches still packed with holidaymakers

Next Post

Serena ensures meeting with Federer will have an edge

Related Posts

Kenya economic growth to edge up this year, World Bank says

7 June 2023, 6:09 AM
A firefighter walks near cars damaged during a massive Russian drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2023.

African Peace Initiative for Ukraine/Russia war ready to depart: Ramaphosa

6 June 2023, 8:12 PM
Sudan's General Abdel Fattah al-Burhan stands among troops,in an unknown location, in this picture released on May 30, 2023.

Clashes between Sudan’s warring factions intensify, no end in sight

6 June 2023, 1:34 PM
A man walks while smoke rises above buildings after aerial bombardment, during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan, May 1, 2023.

Shelling, looting in Sudan’s capital as military factions battle for 8th week

6 June 2023, 8:03 AM
The UN Habitat Assembly.

President Ruto officially opens second UN Habitat Assembly in Kenya

5 June 2023, 2:27 PM
[File Image] Minister Mmamoloko Kubayi.

Kubayi to represent SA at UN Habitat Assembly on sustainable urbanisation in Kenya

5 June 2023, 10:09 AM
Next Post
Serena Williams and Roger Federer

Serena ensures meeting with Federer will have an edge

Most Viewed

  • 24hrs
  • Week
  • Month
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Unisa suspends registrar for various breaches of policy
  • Slain teen Palesa Malatji’s family calls for death sentence to be reinstated
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Limpopo district embroiled in fraudulent travel claims
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Deadline for Zimbabwean Exemption Permits draws near
  • Reserve Bank expected to increase repo rate on Thursday
  • Zimbabwe receives 18 helicopters from Russian Federation
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Construction of softball stadium halted in Limpopo
  • Limpopo ANC PEC orders municipalities to recover lost public funds in VBS scandal
  • Zwane expected to remain Chiefs coach despite dismal season
  • Hawks arrest seven suspects for alleged Raisethorpe boy kidnapping

LATEST

File Image: SAMWU members hold posters during a strike.
  • South Africa

Bus operations suspended due to Samwu strike in Tshwane


The inaugural LIV Golf Invitational - Centurion Club, Hemel Hempstead, St Albans, Britain - June 10, 2022 England's Sam Horsfield of the Majesticks team in action during the second round REUTERS
  • Sport
  • Golf

PGA Tour reaches surprise merger deal with Saudis, LIV Golf


FILE PHOTO: Representations of Bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture taken September 27, 2021. REUTERS/Florence Lo/Illustration/File Photo
  • Business

Asia stocks hold up, China gives up some gains after weak trade data


FILE PHOTO: Houses are seen in the Debussy neighbourhood
  • World

Fatal quake hits Haiti as it reels from floods


[File image] Police tape marks off a crime scene.
  • South Africa

Female student stabbed to death at NMU residence


  • Africa

Kenya economic growth to edge up this year, World Bank says


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous South Africa’s beaches still packed with holidaymakers
Next Serena ensures meeting with Federer will have an edge