Posts

Markus Jooste still a free man – but that will change, says NPA

In late 2017 the Steinhoff scandal broke, sending tremors of anger and outrage around the world, especially in the countries where the South African multinational retail holding company traded or was listed. Accounting irregularities dating back to 2015 were uncovered during an auditing probe triggered by the refusal of Deloitte, Steinhoff’s auditing firm at the Read more >

Mauritius and others under scrutiny for money-laundering

Mauritius, that lazy, friendly little island in the Indian Ocean, beloved of holidaymakers and honeymooners, has a dark side. It is also a favourite haunt of money launderers and tax evaders and in fact, is known as one of the world’s top corporate tax havens. In July 2019, the International Consortium of Investigative Journalists’ (ICIJ) Read more >

New Trillian revelations show need for robust public procurement laws

Since 2017, Corruption Watch has been calling for probes into and criminal charges regarding the professional conduct of auditing firms and service providers such as KPMG, McKinsey, Deloitte, and Trillian. These firms and others have been implicated in dodgy dealings with several state owned enterprises including Eskom and Transnet, as well as the South African Read more >

Africa can clamp down on illicit flows by using AUCPCC effectively

By Sabeehah Motala Illicit financial flows (IFFs) are costing Africa $30-billion to $40-billion per year and have eroded African countries’ tax bases, hampering their abilities to respond effectively to Covid-19 emergency needs. Lockdown, states of emergency, and all the accompanying implications mean that developing states are more vulnerable than ever to the possibility of illicit Read more >

CW: swoop on corrupt officials in VBS scandal to be applauded

The second wave of arrests of individuals involved in the looting of VBS Mutual Bank, this time focused on municipal officials, represents an important step towards holding accountable those responsible for one of the most blatant abuses of resources intended for the provision of basic services. The first arrest in this second phase took place Read more >

ConCourt judgment: How does this change politics as we know it?

By Lizeka Tandwa and Jan Gerber First published on News24 Following the Constitutional Court ruling on Thursday, Parliament could adopt the local government system in provincial and national elections, political analysts and a constitutional law expert predict. The landmark judgment, delivered by Justice Mbuyiseli Madlanga, will see independent candidates competing in the elections, even without Read more >

OGP more of a necessity than ever in SA

By Anna-Sophie Hobi The Covid-19 pandemic is first and foremost a humanitarian crisis. Efforts to contain the virus and support those directly impacted are of utmost importance. Around the world, governments are taking unprecedented actions to limit the spread of the virus—adopting measures aimed at protecting the lives of their populations and the viability of Read more >

Parliament agrees to work through pvt healthcare report

Back in January 2014, the Competition Commission began a market inquiry into the situation in South Africa’s private healthcare sector, with former chief justice Sandile Ngcobo presiding. The inquiry was scheduled to end in December 2015, but only recently, in September 2019, did the panel release its 280-page final report. The reason for the long Read more >