Entries by Corruption Watch

The argument for an international anti-corruption court

An international anti-corruption court would provide the essential forum for prosecuting corrupt leaders of countries that are unwilling or unable to discharge this duty themselves, write former Constitutional Court justice Richard Goldstone and Robert Rotberg, former Harvard professor. The two are not alone in believing that cases of grand corruption fall outside the jurisdiction of the International Criminal Court.

Calling young activists against land corruption in Africa!

Transparency International has launched a competition to bring more young people into its programme on land and corruption in Africa. The organisation is targeting youth with an instinct for innovation and the drive to tackle corruption in the land sector, and invites anyone with a good idea to apply – the only criteria for eligibility are age (between 18 and 35) and country of residence (anywhere in sub-Saharan Africa). The deadline is 31 October.

EU golden visa programme a risky business

The EU’s various so-called golden visa programmes, offered by some 13 countries, is more than just a quick way to gain residency or citizenship – if you’re wealthy enough. It also poses a significant corruption and money-laundering risk, especially when due diligence is not done. Transparency International and Global Witness are calling on the EU to take action to set common standards and mechanisms for reducing the corruption risk posed by golden visa programmes.

VBS Bank scandal revealed in explosive report

The release yesterday of The Great Bank Heist, the forensic investigation report into the affairs of VBS Bank, has seen a wave of outrage surge around the nation, as details emerged of how R1.9-billion was looted. VBS started off in 1982 as a small specialist corporate finance and retail bank, and today is at the centre of a vast thieving syndicate.

Damning new evidence of failure by arms commission

This week Corruption Watch and the Right2Know Campaign submitted damning new evidence to the High Court that the Arms Deal Commission failed to do its job. This is an important step in the civil society group’s ongoing challenge against the commission’s findings. The new evidence shows that the commission not only failed in its investigation – but it misled the public.

Nene resigns, Tito Mboweni is new finance minister

The resignation of former finance minister Nhlanhla Nene has been accepted by President Cyril Ramaphosa. Former Reserve Bank governer Tito Mboweni was sworn in on 9 October as South Africa’s third finance minister in eight months. Nene had admitted, after first denying it, that he had met with the Gupta brothers several times – the Guptas are deeply implicated in the on-going state capture saga and their dealings are under scrutiny at the Zondo Commission for state capture.

Zondo Commission – week 7 overview

Finance minister Nhlanhla Nene, giving testimony this week before the Zondo Commission, said that when former president Jacob Zuma told him in 2015 he was to be moved to a senior position at the new BRICS development bank, he knew immediately the deployment was a fabrication.