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CORRUPTION NEWS

SA taxpayers lost R521bn bailing out corrupt, mismanaged SOEs

South African taxpayers have forked out an estimated R521-billion over the last 15 years to keep state owned enterprises (SOEs) alive, and have received nothing in return. Despite the bailouts, many companies continue to fail due to financial mismanagement and corruption, and the bailouts may be much higher than the National Treasury estimates. During a Read more >

CORRUPTION NEWS

Scopa briefed on progress into SOE, state capture investigations

Image: SIU On 22 November prominent law enforcement agencies met with Parliament’s Standing Committee on Public Accounts (Scopa). The Special Investigating Unit (SIU), the Directorate for Priority Crime Investigation (DPCI or Hawks), and the National Prosecuting Authority (NPA) briefed the committee on the ongoing collaboration on cases involving state-owned enterprises (SOEs) referred to them by Read more >

CORRUPTION NEWS

Public enterprises dept continues its downhill slide

The Auditor-General of South Africa (Agsa) is not impressed with the Department of Public Enterprises (DPE). Presenting the department’s audit outcomes for 2021/2022 to the parliamentary portfolio committee on public enterprises on 11 October, the Agsa delegation pointed out several shortcomings and weaknesses, including stagnation in terms of audit outcomes in general, and non-compliance with Read more >

CORRUPTION NEWS

The facilitators and followers in the state capture project: SAA

South African Airways (SAA) did not avoid the TNA Media contracts that continue to dog the legacies of fellow state-owned entities (SOEs) Transnet and Eskom. Evidence led before the state capture commission on the airline’s dealings with the Gupta-owned media company was narrowed to two witnesses – its former board chairs Cheryl Carolus and Vuyisile Read more >

CORRUPTION NEWS

Zondo calls for ‘swift’ action against SAX/NW project looters

From politicians to public officials and money launderers, the state capture commission wants swift action to be taken against those who benefited from what it calls an “elaborate corruption scheme” involving an airports project of the North West department of transport. The project was valued at over R400-million over five years from 2015. Although not Read more >

CORRUPTION NEWS

Mid-term budget policy speech: full text

Read the full text of finance minister Tito Mboweni’s maiden mid-term budget speech below, or download it as well as the budget policy statement: 2018 MEDIUM TERM BUDGET POLICY STATEMENT The economy at a crossroads Madam Speaker President of the Republic Deputy President Cabinet Colleagues and Deputy Ministers Deputy Speaker Governor of the South African Read more >

PRESS RELEASES

CW welcomes Hawks’ arrest of Vrede scandal suspects

Corruption Watch applauds the Hawks’ morning raid on the Gupta compound, and the subsequent arrests in relation to the Vrede dairy farm investigations, including that of Ajay Gupta. Also arrested was Free State’s agriculture department head, Peter Thabethe. The organisation has repeatedly called for those implicated in multiple corruption scandals to be held accountable and Read more >