On 24 October transport minister Fikile Mbalula briefed media on a Special Investigating Unit (SIU) probe into the country’s licensing system. The SIU has produced an interim report in terms of its proclamation R37 of 2017, and the levels of corruption and malfeasance it has so far uncovered are staggering. Proclamation R37, issued by then-president Read more >
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CORRUPTION NEWS
In its 2021/2022 annual report, released at the end of September 2022, the Financial Intelligence Centre (FIC) noted that it achieved 17 of its 19 performance goals – and exceeded 10 of the 17. One of these was to contribute to the recovery of stolen money in a way that exceeded its previous achievement. This Read more >
CORRUPTION NEWS
First published on BusinessTech One of the proposals from Chief Justice Raymond Zondo’s state capture report is to include failure to prevent corruption as a new criminal offence for companies. According to law firm Bowmans, this recommendation by Zondo will require the amendment of the Prevention and Combating of Corrupt Activities Act 12 of 2004 Read more >
CORRUPTION NEWS
By David ThomasFirst published on African Business The probability of South Africa being greylisted by the Financial Action Task Force (FATF) is as high as 85%, according to a report commissioned by Business Leadership South Africa (BLSA) and compiled by analysts Intellidex. The FATF, an intergovernmental organisation founded to develop policies to combat money laundering Read more >
CORRUPTION NEWS
It’s been five years since the Steinhoff scandal broke. Corruption Watch (CW) was one of many who condemned the financial irregularities which resulted in the South African multinational retail holding company overstating its assets and profits by nearly $12-billion. Since that time the calls for justice and consequences have not let up, especially those targeted Read more >
CORRUPTION NEWS
By Lesedi Masoko The R2.5-billion that remains unaccounted for in the National Skills Fund (NSF) is a severe setback for South Africa’s young people, many of whom rely on government support for the chance to further their studies and careers. The NSF provides funding for skills development initiatives that are identified by the National Skills Read more >
CORRUPTION NEWS
A lengthy state ban on international consultancy giant; a former cabinet minister and member of parliament in court, multiple arrests in the North West transport scandal and changes to the final state capture report. All developments making headlines recently as the wheels of justice begin to turn in government’s response to the findings and recommendations Read more >
CORRUPTION NEWS
In a comprehensive joint submission to Parliament’s Standing Committee on Finance today, non-profit organisations Corruption Watch and AmaBhungane expressed concern that the haste with which the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill was developed may have compromised its effectiveness. The bill was prepared in a matter of months after the Financial Read more >
CORRUPTION NEWS
South Africa’s record of enforcement and prosecution against foreign bribery remains woefully low, at a time when global enforcement has dropped to its lowest level since Transparency International (TI) began measuring enforcement patterns of some of the world’s biggest exporters in 2009. When huge multinational companies bribe foreign public officials with the ultimate aim of Read more >