CORRUPTION NEWSEU golden visa programme a risky business 15 Oct 2018, 9:16 From time to time in the South African media, articles appear that talk about the various so-called golden visa programmes offered by several EU countries. This is essentially EU residency or citizenship and a passport in return for money – lots of it. A substantial investment in the country of choice will secure these benefits, Read more >
CORRUPTION NEWS VBS Bank scandal revealed in explosive report 11 Oct 2018, 15:05 It started off as a small, wholly black-owned specialist corporate finance and retail bank, established in 1982. Today it is at the centre of what financial analyst Stuart Theobald, speaking this morning on the Classic Business Breakfast show, called “the most shocking example of bank fraud in South Africa’s history”. The Venda Building Society, now Read more >
CORRUPTION NEWS Nene resigns, Tito Mboweni is new finance minister 09 Oct 2018, 13:57 Nhlanhla Nene’s resignation as finance minister has been accepted by President Cyril Ramaphosa. Former Reserve Bank governor Tito Mboweni was announced as the new finance minister on Tuesday, following a week of speculation over the fate of Nene. For one, this means that the medium-term budget statement will be presented by South Africa’s third finance Read more >
CORRUPTION NEWS Zondo Commission – week 7 overview 05 Oct 2018, 12:58 The Zondo Commission has reached the end of its seventh week. Originally scheduled to run for just three weeks, the hearings have already produced some explosive testimony – Mcebisi Jonas, Vytjie Mentor, and representatives from South Africa’s biggest banks are just some of the witnesses who have come out with startling revelations. This week it Read more >
CORRUPTION NEWS SA court syndicate said to help rhino poachers escape justice 05 Oct 2018, 9:10 By Alastair Leithead First published on BBC News A whistle-blower has told the BBC he was the middleman between rhino-horn smugglers and a court syndicate in South Africa’s KwaZulu-Natal province. He alleges he took money given to a lawyer from rhino-horn kingpins and paid it to people within the judiciary. The lawyer, Welcome Ngwenya, denies Read more >
CORRUPTION NEWS Clamping down on wayward auditors 04 Oct 2018, 9:25 Auditors and auditing firms have been in the news in recent months. We read about the likes of VBS Mutual Bank, Steinhoff and others, where auditors seemingly turned a blind eye to irregularities. Firms such as KPMG, which has been implicated in scandals involving the Gupta-owned Linkway Trading as well as the South African Revenue Read more >
CAMPAIGNS Corruption – if you caught it, report it! 02 Oct 2018, 12:32 It might be tempting to feel discouraged every time a new instance of abuse of power hits the front pages, or more evidence is uncovered to show the extent of state capture – you may think, “what can I, as one person, do?” Think again! By refusing to allow corruption into your life – no Read more >
CORRUPTION NEWS Zondo Commission – week 6 overview 01 Oct 2018, 11:49 In our last Zondo Commission overview, we reported that Deputy Chief Justice Raymond Zondo was due to deliver his decisions on the various applications to cross-examine witnesses. Ajay Gupta and his brother Rajesh, Duduzane Zuma, Fana Hlongwane, former public enterprises minister Lynne Brown, former presidential chief of staff Lakela Kaunda, Advocate Mandla Mtolo, and Major-General Read more >
LITIGATION Dlamini to personally pay 20% of applicants’ legal costs 27 Sep 2018, 13:03 Barely a month after the Constitutional Court (ConCourt) held that the South African Social Security Agency (Sassa) and its acting CEO should be liable for costs relating to a second contract extension with grants distributor Cash Paymaster Services (CPS), the same court has now handed down unanimous judgment on then social development minister Bathabile Dlamini’s Read more >
