Posts

RAISING AWARENESS

Civil society joins forces calling McKinsey to account

 Press release and memorandum Future South Africa and the variety of civil society organisations associated with it today holds a picket outside the offices of McKinsey in South Africa to protest the way in which the global company conducted itself in relation to its empowerment partner Trillian Capital and their business deals with Eskom. McKinsey Read more >

CORRUPTION NEWS

Osisa report: efficacy of SADC’s anti-corruption bodies

Results of a study on anti-corruption bodies in the Southern African region were released in the region towards the end of July. Titled Effectiveness of Anti-Corruption Agencies in Southern Africa: Angola, Botswana, DRC, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia and Zimbabwe, the report was commissioned by the Open Society Initiative for Southern Africa Read more >

PRESS RELEASES

CW: KPMG, McKinsey must be investigated

CW weighs in on KPMG and McKinsey’s alleged involvement in Gupta-related business dealings Corruption Watch strongly endorses the investigation by the Independent Regulatory Board for Auditors into allegations of improper conduct of auditing firm KPMG, in particular its 2014 audit of Linkway Trading, the company alleged to be involved in the related Free State dairy Read more >

CORRUPTION NEWS

Eskom/Brian Molefe saga: a timeline

South Africans can be forgiven for sometimes not being able to keep up with events, especially in the public sphere. Developments happen in rapid succession and it can be difficult to keep a clear picture in mind or get a good idea of the magnitude of events. In the case of the Eskom saga, which Read more >

GOVERNANCE

CW expresses outrage at Molefe reinstatement

Corruption Watch, in response to the news today that Brian Molefe will be reinstated as CEO of Eskom from Monday 15 May, has expressed outrage at his return to his former position from which he resigned in November 2016. In spite of attempts to now position his departure as early retirement, at no point at Read more >

GOVERNANCE

Corruption Watch welcomes Molefe’s resignation

Corruption Watch welcomes the decision by Brian Molefe to resign as Eskom chief executive officer. The organisation regards this resignation as being in the best interests of Eskom. Its prominence as a major state owned enterprise requires that the public has confidence in its operations, functioning and leadership. The allegations against Molefe, both in the Read more >

PRESS RELEASES

State capture report paves way for more investigation

Corruption Watch, in its response to the public protector’s State of Capture report, highlights the critical importance of the report in ensuring that a few, favoured individuals do not continue to abuse state resources and power. While the public protector has not made adverse findings against any of those implicated in the report, she does, Read more >

CORRUPTION NEWS

Budget 2016: clampdown on state-owned entities

Finance Minister Pravin Gordhan says government seeks to stop corruption, waste and the continued bailout of state-owned entities (SOEs). He delivered his much anticipated budget speech on Wednesday, amid cynicism over the economy. Gordhan also defended a measure undertaken by Treasury to review all contracts above R10- million. Earlier in the day, Treasury had released Read more >

CORRUPTION NEWS

Hitachi: a settlement payment is not enough

Global electronics corporation Hitachi’s settlement fine of $19-million for charges brought by the US Securities and Exchange Commission (SEC) against the company for violating the Foreign Corrupt Practices Act (FCPA) is not enough of a sanction. The Japanese multinational company has a diverse footprint in over 40 countries and boasts growing profit margins year on Read more >