Entries by Corruption Watch

IEC issues party funding disclosure for 3rd quarter 2021

The Independent Electoral Commission has released the party funding report for the third quarter of the 2021/22 financial year. In total, 11 political parties made declarations totalling R46 036 589.97, in terms of the Political Party Funding Act. Of those 11 declarations made, four were made by unrepresented parties and seven by represented parties.

CW and other TI chapters urge FATF to move on beneficial ownership registers

Corruption Watch and several other Transparency International chapters have written an open letter to the heads of delegations of the Financial Action Task Force (FATF), which is currently holding plenary and working group meetings in Paris. The letter urges FATF to speedily implement publicly accessible beneficial ownership registers across the globe, as this will help to clamp down on anonymous companies, illicit financial flows, and money laundering.

Concourt scorns CPS’ delay tactics on providing information regarding profits

The Constitutional Court has ruled that there’s no reason for Cash Paymaster Services to delay providing documents on its expenses and income from its social grants contract, writes Tania Broughton for GroundUp. The court had previously held that CPS may not benefit from its unlawful contract with Sassa and ordered the company to file audited statements. CPS‘s liquidators went to court to try to postpone filing the statements but the apex court ruled that statements must be provided without further delay.