Corruption Watch (CW), working with procurement law expert Professor Geo Quinot of Stellenbosch University, released Procurement Risk Trends 2023, the third such report, following the first two that were published in 2021 and 2022, respectively. These reports, which cover the period between 2016 and 2023, specifically focus on trends in public procurement deviations and contract expansions. Read more >
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PRESS RELEASES
We hereby invite you to join Corruption Watch and procurement expert Prof Geo Quinot, in a webinar to launch the third in our series of Procurement Watch reports. Prof Quinot is the founding director of Stellenbosch University’s African Procurement Law Unit, and one of the country’s leading experts on all matters related to procurement. The Read more >
CORRUPTION NEWS
In late February 2023, the Financial Action Task Force (FATF) announced the addition of South Africa to its so-called grey list, along with Nigeria, UAE, Tanzania, and Uganda. South Africa failed to satisfactorily address shortcomings in its anti-money laundering and -terrorist financing legal framework – which were highlighted in the FATF 2021 mutual evaluation review (MER). The Read more >
CORRUPTION NEWS
By Eric JordaanFirst published on Moneyweb Following South Africa’s greylisting in February – and the recommendations made by the Financial Action Task Force (FATF) – the General Laws Amendment Act (Anti-Money Laundering and Combating Terrorism Financing) places new obligations on companies to register prescribed information regarding beneficial ownership. Of the eight areas of strategic deficiencies Read more >
CORRUPTION NEWS
A report released in mid-March 2023 by the Tax Justice Network (TJN) shows a slow but steady implementation of beneficial ownership transparency (BOT) regulations across the African continent. Titled Beneficial Ownership Transparency in Africa in 2022, the report reveals the state of play of the introduction of laws addressing the lack of BOT, and examines Read more >
PRESS RELEASES
As civil society organisations dedicated to building an accountable, democratic and capable state, the government’s new disaster management regulations are cause for alarm. The electricity crisis is destroying the livelihoods of our people. We believe that urgent action is needed to address it. The new emergency procurement provisions, however, threaten more corruption and inefficiency. The Read more >
CORRUPTION NEWS
Plans are afoot to tackle South Africa’s lackadaisical beneficial ownership regime. The Companies and Intellectual Property Commission (CIPC) has announced that it will implement a beneficial ownership (BO) information collection and storage regime as soon as regulations in that regard are promulgated. Greater BO transparency is a crucial component in the fight against financial crime. Read more >
CORRUPTION NEWS
South Africa’s national treasury has released a useful fact sheet on the background to and implications of the country’s recent greylisting by the Financial Action Task Force (FATF). Titled What does FATF greylisting mean for a country?, the six-page document explains the role of the FATF and the mutual evaluations all FATF members are required Read more >
CORRUPTION NEWS
National Treasury (NT) has finally tabled its 2021/22 annual report in Parliament, after finance minister Enoch Godongwana had asked the parliamentary speaker Nosiviwe Mapisa-Nqakula to extend the deadline of 15 January. NT’s 2021/22 annual report was delayed because of an ongoing dispute between NT and the Auditor-General of South Africa (Agsa), which gave the report Read more >