INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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PRES. CYRIL RAMAPHOSA TO SIGN NHI BILL. (PHOTO).

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President Cyril Ramaphosa To Sign NHI Bill. 


South Africa is poised to mark a significant milestone in its healthcare landscape as President Cyril Ramaphosa prepares to officially sign the National Health Insurance (NHI) Bill into law. The signing ceremony is scheduled for this Wednesday, at 14:00pm at the Union Buildings, heralding a new era of healthcare access and equity for millions across the nation.


The NHI Bill represents a bold step towards realizing the vision of universal healthcare coverage in South Africa. By ensuring that all citizens have access to essential healthcare services, regardless of their socio-economic status, the government aims to address the entrenched disparities that have long plagued the country’s healthcare system.


Under the provisions of the NHI Bill, the private healthcare sector will undergo a transformation, with a focus on redirecting resources towards priority areas and ensuring that essential services are accessible to all. While private-sector participation will continue, its role will be redefined to complement rather than overshadow the public healthcare system.


President Ramaphosa’s decision to publicly sign the NHI Bill into law underscores the government’s commitment to transparency and inclusivity in the legislative process. The ceremony, set to take place at the iconic Union Buildings, symbolizes the collective effort of policymakers, healthcare professionals, and citizens in shaping the future of healthcare in South Africa.


However, the journey towards universal healthcare is not without its challenges. Critics have raised concerns about the feasibility and sustainability of the NHI scheme, questioning its financial implications and potential impact on the quality of healthcare services. Additionally, legal and logistical hurdles may emerge as the government works to implement the NHI framework nationwide.


Nevertheless, the signing of the NHI Bill marks a pivotal moment in South Africa’s quest for equitable healthcare. It signals a firm commitment to prioritize the health and well-being of all citizens, irrespective of their background or means. As the nation prepares to embark on this transformative journey, there is a sense of optimism and hope that the NHI will pave the way for a healthier, more prosperous future for generations to come.

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