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 >
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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 >
CORRUPTION NEWS
From Amnesty International, CIVICUS and Transparency International 13 October 2020 Dear G20 finance ministers, As you meet this week, we are writing to you to encourage you to take concrete actions in order to build a better future through a just recovery by investing in people and ensuring that funds being made available reach those Read more >
CORRUPTION NEWS
In 2018 Transparency International released a further edition of its Exporting Corruption survey, a progress report which rates countries based on their enforcement against foreign bribery under the OECD Anti-Bribery Convention. The OECD convention requires signatory countries to criminalise bribery of foreign public officials and introduce related measures. That report highlighted South Africa’s failure to Read more >
PRESS RELEASES
There has been limited if any progress in South Africa’s attempts to curb foreign bribery over the past two years. This suggests that it remains relatively easy for South African companies to engage in corruption when conducting business outside the country’s borders, notes Corruption Watch. According to Exporting Corruption 2020: Assessing Enforcement of the OECD Read more >
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