By Mashudu Masutha and Karabo RajuiliFirst published on News24 The Financial Action Task Force (FATF) is the global standard-setting body for combating money laundering, setting minimum standards via 40 recommendations. It has sanctioning mechanisms for countries that fail to comply. Recently, the organisation updated its Recommendation 24, which deals with beneficial ownership transparency – and Read more >
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OPINIONS
This piece is extracted from Corruption Watch’s 2021 annual report. For more information, click here. By Moepeng TalaneFirst published on Daily Maverick/Maverick Citizen South Africa’s dynamic history has a strong narrative of youth activism that transcended the dark days of a violent apartheid system and the accompanying restrictions. From the young pupils who were attacked Read more >
PRESS RELEASES
During formal meetings in Paris last week, the Financial Action Task Force (FATF) approved a revision of its recommendation 24, ushering in a new global standard on beneficial ownership transparency. This is a win for the fight against corruption, money laundering and other financial crimes around the world. It is also a collective victory for Read more >
POLICY AND ADVOCACY
Much of Corruption Watch’s (CW) work consists of advocating for transparency – in procurement, in leadership appointments, in allocating resources, in matters of governance. Corruption threatens the credibility and effectiveness of these measures and more, and therefore transparency is crucial to curbing, even abolishing the scourge. Beneficial ownership transparency (BOT) is seen as an increasingly important element of any anti-corruption strategy, as it is fundamental in tackling illicit Read more >
CW IN THE MEDIA
By Mashudu MasuthaFirst published on Business Day Development in mining-affected communities is crippled by a lack of transparency in the management and administration of benefits. Communities all over Africa live on land brimming with mineral wealth but are cheated out of benefits owed to them because of opacity, exclusion and lack of accountability in the Read more >
POLICY AND ADVOCACY
By Mashudu Masutha First published on Business Day The extractive sector, if carefully managed, presents enormous opportunities for advancing sustainable development, particularly in low-income countries. However, resource-cursed countries such as SA may have a significantly different view. An extractive sector rooted in accountability and transparency is key to determining a mutually inclusive form of sustainability. Read more >
CORRUPTION NEWS
By Thato Mahlangu Image: Flickr/GovernmentZA Pleas from some aggrieved mining-affected community members to the minister of the Department of Mineral Resources (DMR), Gwede Mantashe, are said to have fallen on deaf ears as nothing has been done to address their issues. The department is also accused of withholding for over a year a report that Read more >
OPINIONS
By Matshidiso Dibakwane and Mashudu MasuthaPublished on Transparency International Australia Over the last five years or so, the South African government has undertaken a process of formulating a new legislative framework with the aim of creating a blueprint for transforming the mining industry. The primary aim of the new framework is to benefit people who Read more >
CORRUPTION NEWS
• Platinum Mining. Photo: Wikimedia Commons. A decision handed down at the beginning of May by the Johannesburg labour court will force the Department of Mineral Resources (DMR) to consult mining-affected communities on issues that affect them. The matter related specifically to new amendments to the Mineral and Petroleum Resources Development Act, published by the Read more >
