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CORRUPTION NEWS

AmaBhungane: Steinhoff’s dogged battle to keep its secrets

By Caroline JamesFirst published on Daily Maverick We all know the story of Steinhoff and Marcus Jooste. At least, we think we do.  What we do know has been uncovered by careful and thorough investigative journalism, but the majority of Jooste’s and the company’s secrets remain locked in a vault of confidentiality imposed by Steinhoff Read more >

CORRUPTION NEWS

CW: Charges should have been brought against Jooste by now

By Tawanda KaromboFirst published on IOL It is six years since the former CEO of Steinhoff International, Markus Jooste, stepped down from the firm in December 2017 after massive accounting fraud came to light, and yet he is still not behind bars. Corruption Watch said in December that South Africa should do a lot more Read more >

CORRUPTION NEWS

Phala Phala findings ‘raise more questions than answers’ – CSOs

Image: Ziphozonke Lushaba, TimesLive By Khanyisile NgcoboFirst published on TImesLive Civil society organisations say “something doesn’t add up” in the South African Reserve Bank’s (SARB) findings on the Phala Phala matter and it “raises more questions than answers”. The Reserve Bank on Monday released its findings from a report into the matter after allegations by Read more >

CORRUPTION NEWS

Reserve Bank seizes Jooste property and items worth billions

It’s been five years since the Steinhoff scandal broke. Corruption Watch (CW) was one of many who condemned the financial irregularities which resulted in the South African multinational retail holding company overstating its assets and profits by nearly $12-billion. Since that time the calls for justice and consequences have not let up, especially those targeted Read more >

PRESS RELEASES

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 >

PRESS RELEASES

Set the Apartheid Secrets Free!

We, the undersigned organisations and individuals committed to justice for historical crimes and social justice in South Africa write in support of the South African History Archive. On Tuesday, 03 March 2020 it faces the next round in an epic battle against the South African Reserve Bank in the Bloemfontein Supreme Court of Appeal. This Read more >

CORRUPTION NEWS

VBS Bank scandal revealed in explosive report

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 >