A report commissioned by Business Leadership South Africa says that the country must act quickly to reform its financial practices in order to limit the disruptive economic fallout of the likely designation.
The Reserve Bank’s attachment on Tuesday of around R4.8-billion worth of property and items belonging to Markus Jooste and his family, will encourage South Africans who have been waiting for justice since the Steinhoff corporate scandal broke in 2017.
The parliamentary Standing Committee on Public Accounts is highly displeased that higher education minister Blade Nzimande has seemingly dragged his heels on handing over the report of a forensic investigation ordered into the operations of the National Skills Fund. Furthermore, the committee dismissed Nzimande’s request that the report remain confidential, saying it was not in the interests of transparency.
A recent spate of arrests and court appearances relating to state capture may give South Africans hope that the machinery of justice is finally beginning to grind into motion.
In a comprehensive joint submission to Parliament’s Standing Committee on Finance today, non-profit organisations Corruption Watch and AmaBhungane presented their analysis of the gaps in the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, which was developed in haste after the Financial Action Task Force found several weaknesses in the current framework. The two organisation also expressed disappointment at the short time frames allowed for public participation.
In the 2022 edition of Exporting Corruption, global anti-corruption organisation Transparency International assesses 47 leading export countries according to their enforcement of the OECD Anti-Bribery Convention. South Africa, which is a signatory to the convention, falls among a sorry group of 38 countries where enforcement is poor or non-existent.
Given the clear lack of capacity in prosecutorial institutions, particularly the National Prosecuting Authority, will some form of amnesty encourage state capture perpetrators to come forward to ‘clean the slate’ or, as argued by Corruption Watch’s Karam Singh and Tharin Pillay, would post-Zondo South Africa be better served by capacitating pre-existing anti-corruption institutions and developing new, stronger and more effective means to hold the corrupt accountable?
Public procurement is a complex field, and one that is especially susceptible to corruption. In this article, Richard Messick of the Global Anticorruption Blog puts forward 10 useful questions that can be used as a starting point to scrutinise government procurement, from small stationary items to major infrastructure.
The local government sector in South Africa is the interface between the state and the citizens it delivers services to, but it is generally fraught with maladministration and corruption, and suffers under political interference. The recent signing into law by President Cyril Ramaphosa of the long-awaited Municipal Systems Amendment Act is a welcome intervention in the quest for good governance for the sector. The question is, will it be simple to implement?