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|CAPE TOWN Emre Can Germany Jersey , May 26 (Xinhua) -- South African Finance Minister Malusi Gigaba remains opposed to a multi-million-dollar deal involving South Africa's state-owned weapon manufacturer Denel and a company linked with the Indian Gupta family, the National Treasury said Friday.
This came after Denel Chairperson Daniel Mantshe told parliamentarians on Thursday that Gigaba's concern over the deal would be resolved.
Gigaba held a meeting with Mantshe earlier this week to discuss the Denel Asia joint venture.
At the meeting, Gigaba reiterated his opposition to the joint venture with VR Laser Asia, owned by the Guptas Christoph Kramer Germany Jersey , given the fragile financial situation that Denel is in, said National Treasury spokesperson Mayihlome Tshwete.
The minister further asked Denel to withdraw its litigation against the National Treasury, Tshwete said.
"The matter is currently before the courts and we would like to respect the process. We will, therefore Blank Germany Jersey , not be making any further comment until the matter has been finalized. We hope that the other parties will also respect the court process and refrain from misleading public comments," Tshwete added.
VR Laser Asia is reportedly trying to rake in tens of millions of dollars in profit over the next 10 years from a deal with Denel.
In March, Denel approached the High Court in Pretoria, seeking a court order to force Treasury's approval of the Denel Asia joint venture deal.
In this joint venture Bernd Leno Germany Jersey , VR Laser Asia will contribute 100 million rand (about 7.8 million U.S. dollars) in the form of a loan to get the ball rolling, the City Press newspaper revealed earlier this week.
For its part, Denel will contribute the product and product knowledge to the partnership. According to the business plan, it has already spent 500 million rand to develop products Benedikt Howedes Germany Jersey , the paper said.
The projected profit for the joint venture over 10 years is 4.5 billion rand. As VR Laser Asia has a 49-percent stake, it translates into a forecast profit of 2.2 billion rand, according to the City Press.
The deal puts the wealthy Gupta family on spotlight again and adds fuel to the alleged "state capture", in which the Guptas are accused of exerting undue influence on President Jacob Zuma in the appointment of cabinet ministers and the awarding of contracts to Gupta-linked companies with state-owned enterprises.
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PARIS, July 3 (Xinhua) -- Two armed men opened fire on a group of people in the southern French city of Toulouse on Monday evening, killing one person and injuring six others, local media reported.
The shooting happened at around 9:00 p.m. (1900 GMT) when two men on a motorcycle shot dead a man and injured others in the city's La Reynerie district before running away Antonio Rudiger Germany Jersey , said a Europe1 broadcaster.
Two of the injured people were in serious situation, according to the report.
Local officials said extra security forces had been deployed to the area.
""No possibilities are ruled out, but there is no terrorist element at this stage,"" regional authorities were quoted as saying.
Citing a source close to the investigation Andre Schurrle Germany Jersey , the broadcaster said the shooting is likely linked with settlement of old scores between gangs.
The La Reynerie district was also the scene of two shooting incidents last year, both believed to be a settling of scores. Monday's incident occurred one day after another shooting injured eight people in Avignon, also a city in southern France.
On Sunday night, a shooting happened in front of a mosque in Avignon.The La Provence newspaper cited a judicial source as saying that authorities are not considering the incident as a terrorist attack.
Local police suspected the shooting was due to a dispute between young people.
Four people were wounded outside the mosque while a family of four in their apartment some 50 meters away took shrapnel.
The newspaper report also quoted witnesses as saying the shooting began at around 10:30 p.m. (2030 GMT) on Sunday when one of the two gunmen with their faces covered fired shots as worshippers were leaving the mosque. The two gunmen then fled the scene.
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NAIROBI, Sept. 28 (Xinhua) -- Seoul Marathon champion Amos Kipruto of Kenya is on a mission to amend fall on debut at Amsterdam marathon last year as he returns to claim what he missed on Oct. 15.
Kipruto may not be the fastest in the elite list, but the Kenyan has shown his potential since launching his career in the Dutch capital a year ago.
Kipruto's marathon career took off from Amsterdam and this year he is competing for a place on the podium. He won this year's Seoul Marathon in 2:05:54 Germany Soccer Jerseys , improving his personal best by more than two minutes.
"I want to return to where I started and see what medal I can get. I still have a lot to learn in marathon and winning is part of what I have to get used to," said Kipruto.
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