By James GeorgeFirst published on Moneyweb It’s a loaded question, and a lot has been done such as President Ramaphosa signing two amendments to our anti-money laundering (AML) and anti-terrorism laws in December last year. The real question, however, is whether these amendments are going to translate into actions being taken. Will we see prosecution, Read more >
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CORRUPTION NEWS
Nicola Okes and Gabriel Sipos, TRAFFICFirst published on TNRC (Tackling Natural Resource Corruption) The rhino horn trade represents one of the four largest illegal wildlife trade flows (UNODC 2020) by value. Although the drivers and uses of rhino horn differ across user groups and market destinations (e.g., medicinal use or status-conferring prestige products), the overall Read more >
LEGISLATION AND SUBMISSIONS
The final part of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act is due to commence in the early months of 2023. The General Laws (AML/CTF) bill proposed a sweeping range of integrated reforms to five pieces of legislation which regulated vastly different areas of concern – trusts; non-profit organisations; companies; and Read more >
OPINIONS
By Moepeng Valencia Talane South Africa has a serious corruption problem, and everyone including the morally compromised ANC agrees, but what we’re not agreeing on is the extent to which the absence of a culture of political accountability will keep corruption in place without tangible solutions. That is, if nothing is done by those with Read more >
CORRUPTION NEWS
By Kwazi Dlamini President Cyril Ramaphosa faces arguably the toughest political battle of his career to date, surrounded as he is by the fallout of the Phala Phala scandal. Opposition political parties and his adversaries within the African National Congress (ANC) are calling for him to resign – indeed, last Friday Ramaphosa was rumoured to Read more >
GOVERNANCE
As South Africa waits to hear from the Constitutional Court (ConCourt) if it will accept President Cyril Ramaphosa’s judicial review application of the Section 89 panel report on Phala Phala – for which papers were filed on Monday – his political backers and opponents alike continue to exchange public statements to support their conflicting causes. Read more >
GOVERNANCE
The outcome of the Section 89 independent panel’s report released on Wednesday, is that President Cyril Ramaphosa has a case to answer when it comes to alleged contraventions of not only the Constitution, but also the Prevention and Combating of Corrupt Activities Act 2004 (Precca) in relation to the Phala Phala matter. The findings of Read more >
STATE CAPTURE
Will President Cyril Ramaphosa step down in the wake of the findings of the Section 89 panel report that concluded on Wednesday that he may have violated the Constitution and committed serious misconduct in relation to Phala Phala? Ramaphosa’s office in government – through Minister in the Presidency Mondli Gungubele – maintains that he is Read more >
CORRUPTION NEWS
Image: Wikipedia, used under a CC BY-SA 2.0 license Swiss banks are not generally known for charitable endeavours, but have a reputation – some might say a well-deserved one – for being secretive. In fact, the country consistently appears in the top 10 of the Financial Secrecy Index, a ranking of jurisdictions that fuel financial Read more >
