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 >
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PRESS RELEASES
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
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
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 >
