Friday, 3rd June, 20221

Page 2
Tesla boss Elon Musk has
ordered staff to return
to the office full-time,
declaring that working
remotely is no longer
acceptable.
The new policy was shared in
emails that were leaked to social
media.
Tesla did not respond to a
request for comment on the messages,
one of which appeared to
be addressed to executives.
People who are unwilling to
abide by the new rules can "pretend
to work somewhere else" Mr
Musk said on Twitter, when asked
South Africa's former spy
chief has accused President
Cyril Ramaphosa of
kidnapping and bribery
in a case he has registered
with the police.
Arthur Fraser said the case
related to the alleged attempted
theft of $4m (£3.2m) in 2020 at
one of the president's properties
and the alleged efforts to conceal
what happened.
Mr Ramaphosa said "there is
no basis for the claims of criminal
conduct".
Mr Fraser is seen by some as
an ally of former President Jacob
Zuma.
Some believe the allegations
could be linked to wrangles within
the ruling African National
Congress (ANC) ahead of a leadership
race in December.
The police have confirmed
that a case has been registered
with them and that "due processes
will follow", which includes an
initial investigation.
Mr Fraser, who ran the country's
State Security Agency (SSA)
between 2016 and 2018, has said
he has handed photographs, bank
account details and video footage
over to the police.
In a statement, he alleged
that criminals broke into a farm
in Limpopo province in February
2020 to steal more than $4m.
They were then detained and
interrogated on the property and
paid to keep quiet about what
had happened, the statement
alleges.
In response, Mr Ramaphosa's
office confirmed that there was
a robbery at his farm in Limpopo
"in which proceeds from the sale
of game were stolen".
about the policy.
"Everyone at Tesla is required
to spend a minimum of 40 hours
in the office per week," he wrote
in one of the emails. "If you don't
show up, we will assume you
have resigned."
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View original tweet on Twitter
The emails said staff should
report to work at one of the
company's main offices, "not a
remote branch office unrelated
to the job duties".
Mr Musk added that he
would personally review any
DAILY ANALYST Friday, 3rd June, 2022
requests for exemptions from the
policy.
Mr Musk said working in
the office full-time was what
the company asks of its factory
employees and in-person collaboration
was critical to the firm's
success.
"There are of course companies
that don't require this, but
when was the last time they
shipped a great new product?
It's been a while," he said in an
email, one of two that was leaked
and shared on social media.
"Tesla has and will create and
actually manufacture the most
exciting and meaningful products
of any company on Earth.
This will not happen by phoning
it in."
Companies in many industries
are wrestling with whether
to allow the remote work practices
that exploded during the coronavirus
pandemic to continue.
Some sectors, such as banking,
signalled early on that they
would expect staff to return to
S Africa president accused
of kidnap and bribery
The president, who was
out of the country at the time,
reported the incident to the
police's presidential protection
unit, the statement from his
office said.
He "stands ready to cooperate
with any law enforcement
investigation of these matters",
it added.
After running the SSA, Mr
Fraser went on to head the country's
prison service. Last September,
he was responsible for ordering
Zuma's release on medical
parole nearly two months into
his 15-month prison sentence for
contempt of court - a decision
which was criticised by many
South Africans.
He has also been accused
of enabling graft while he was
running the SSA by witnesses
at an inquiry into corruption in
the country during the Zuma
presidency known as the Zondo
commission. Mr Fraser has
accused the witnesses of lying
about him.
Mr Ramaphosa became president
in February 2018 after Zuma
resigned in the face of numerous
corruption allegations, which he
denied. The ANC remains divided
between supporters of the two
men. It is due to choose later this
year who will be its presidential
candidate for the 2024 elections.
The president has made combatting
corruption a priority of
his government. But his commitment
to this has been questioned
as the misuse of state funds,
especially over money earmarked
for fighting Covid-19, has continued
during his presidency.
Before he became deputy
president in 2014, Mr Ramaphosa
was a prominent businessman
with stakes in mining, telecoms,
media, beverage and fast food
companies.
In 2014, he declared to parliament
that he owned $5m in
shares as well as 30 townhouses.
But it is widely believed that his
wealth is greater than that.
Global News
Elon Musk declares end to
remote working at Tesla
President Cyril Ramaphosa
the office, while others, often in
the tech industry, have said they
will allow remote work indefinitely.
Many places have opted for
a mix.
Office occupancy in the US is
at about 43%, according to data
from Kastle, which runs security
card access systems at thousands
of buildings across the country.
'I lived in the factory'
Mr Musk is famously hard
charging in his own attitude to
work. He rarely takes holidays
and during a crunch period for
Tesla a few years ago, he slept on
the factory floor.
"The more senior you are,
the more visible must be your
presence," he wrote in one of the
emails on the remote work policy.
"That is why I lived in the
factory so much - so that those
on the line could see me working
alongside them. If I had not done
that, Tesla would long ago have
gone bankrupt."
Mr Musk was previously
on the record as having a dim
The US Treasury has
announced a round of
new sanctions against
Russian individuals.
The latest sanctions
target a Kremlin-aligned yacht
brokerage and several prominent
Russian government officials.
Close Putin associate and
money manager, Sergei Roldugin,
who is a custodian of the Russian
president’s offshore wealth is also
on the list.
The State Department has
imposed sanctions on five of Russia’s
oligarchs and elites, including
Maria Zakharova, the spokeswoman
of the Russian Ministry
of Foreign Affairs; Alexey Mordashov,
one of Russia’s wealthiest
view of remote work, writing on
Twitter earlier this year that "all
the Covid stay-at-home stuff has
tricked people into thinking that
you don't actually need to work
hard. Rude awakening inbound!"
His comments raised the
potential for a fresh clash of
cultures with the staff at Twitter,
which he is in the process of
buying for $44bn (£35.3bn).
In March, the firm's chief
executive Parag Agrawal said
staff could continue to work from
home "forever".
In a note to employees posted
on the social media platform, Mr
Agrawal said "As we open back
up, our approach remains the
same. Wherever you feel most
productive and creative is where
you will work and that includes
working from home full-time
forever."
"Office every day? That works
too. Some days in office, some
days from home? Of course."
The State Department has imposed
US announces new
round of Russia
sanctions
billionaires; and family members
and entities associated with the
oligarchs and elites.
“Russia’s elites, up to and
including President Putin, rely
on complex support networks to
hide, move, and maintain their
wealth and luxury assets,” said
Brian Nelson, undersecretary of
the Treasury for Terrorism and
Financial Intelligence.
“Today’s action demonstrates
that Treasury can and
will go after those responsible
for shielding and maintaining
these ill-gotten interests. We will
continue to enforce our sanctions
and expose the corrupt systems
by which President Putin and his
elites enrich themselves.”