There is no reason to apply sanctions brought against Russian tycoon Alexey Mordashov and his $500 million (R9.1 billion) superyacht is free to dock at Cape Town’s ports, government said on Wednesday. This is according to Vincent Magwenya, President Cyril Ramaphosa’s spokesman, as the city awaits the arrival of the oligarch’s vessel. Mordashov, the biggest shareholder in steelmaker Severstal PJSC, … Continue reading Mayor warns of repercussions- war continues as SA says yes to Russian yacht