Source: The Presidency In a historic development for transparency and accountability in South Africa, President Cyril Ramaphosa has determined that the Political Party Funding Act will come into operation on 1 April 2021.President Ramaphosa signed a proclamation on the commencement of the Political Party Funding Act, 2018 (Act no. 6 of 2018), which regulates public Read more >
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PRESS RELEASES
In an exchange of letters with National Treasury (NT), Corruption Watch (CW) has raised its concerns about the threat of corruption risks in the procurement and distribution of Covid-19 vaccines in South Africa. In a bid to avoid the levels of corruption that erupted in the procurement of PPEs, the organisation laid out a number Read more >
FEATURE
By Patience Mkosana and Phemelo Khaas The year 2020 brought unprecedented challenges due to the profound effect of the Covid-19 pandemic on the lives of millions of people around the world. The enforcement of lockdowns to contain the spread of the virus meant that people had to quickly adopt different ways of doing things. Likewise, Read more >
PRESS RELEASES
In a letter addressed to President Cyril Ramaphosa in early December 2020, Corruption Watch raised concerns that there were potentially interests opposed to the Political Party Funding Act, 6 of 2018, and working to ensure that it would not be implemented. If true, the organisation deems such intentions unlawful and unconstitutional, and it is not Read more >
CORRUPTION NEWS
South Africa, despite commitments made several years ago, has to date failed to establish a public register of beneficial owners – the person or people who ultimately benefit from a company’s operations. This laxity allows government officials to continue doing business with the state, despite a prohibition of such, and shell companies to continue to Read more >
PRESS RELEASES
Members of the media are invited to a webinar launch of the Transparency in Corporate Reporting 2020 report. The event takes place on 2 December, and is hosted by Corruption Watch and the ODI, an independent London-based global think tank, in partnership with the National Business Initiative. The report evaluates the transparency of corporate reporting Read more >
CORRUPTION NEWS
A survey of the private sector conducted by the UN’s high-level panel on financial accountability, transparency and integrity (FACTI), reveals that more than 90% of respondents would welcome stronger financial accountability, transparency and integrity regulattions when all businesses are held to the same standards. The survey was conducted anonymously online from 12 to 31 August, Read more >
CORRUPTION NEWS
Deputy auditor-general (AG) Tsakani Maluleke is set to take over from her boss Kimi Makwetu, becoming the first woman to hold this vital office. Makwetu was appointed om 1 December 2013, and steps down at the end of November after a distinguished 7-year term. Also the chairperson of the Auditor-General of South Africa’s (AGSA) executive Read more >
CORRUPTION NEWS
Beneficial ownership is back in the news at the moment. Opacity in knowledge of the real person behind a company, trust, or corporation, and who will ultimately benefit from its activities – the beneficial owner – is crucial to combating money laundering, tax abuse, and corruption. Illicit financial flows (IFFs) cost money, resources, and Read more >
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