Feature Archives - Page 36 of 178

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Moving towards effective use of beneficial ownership data

08 Nov 2022, 13:29

By Louise Russell-Prywata and Tymon KiepeFirst published on Global Data Barometer Beneficial ownership is widely recognised as an essential piece of information for tackling corruption, preventing and investigating tax evasion, protecting national security, and creating sustainable trading environments. The goal – increasingly shared by governments, businesses, and citizens – is that people can access accurate Read more >

LEGISLATION AND SUBMISSIONS

Urgent need for bill to clarify laws around fake company fronting

07 Nov 2022, 9:16

By Sanan MirzoyevFirst published on Business Day In February 2023, South Africa will almost certainly be making an unwelcome appearance on the Financial Action Task Force’s (FATF) roster of greylisted countries — unless “we perform a few miracles”. These were the words of National Treasury’s Ismail Momoniat when he presented a grim account before Parliament Read more >

CORRUPTION NEWS

Quiz: how much do you know about tax crimes and corruption?

04 Nov 2022, 9:38

Test your knowledge of tax evasion, tax avoidance, bribery, and more, with this short but educational quiz developed within the project VIRTEU (Vat fraud: Interdisciplinary Research on Tax crimes in the European Union), an international research project funded by the European Commission – European Anti-Fraud Office. Tax corruption is criminal, subtle, and dangerous, yet the Read more >

CORRUPTION NEWS

Siyangena case dismissal is a victory for Prasa’s corruption-busters

03 Nov 2022, 11:25

First published on GroundUp Today (1 November), the Supreme Court of Appeal dismissed, with costs, the appeal by Siyangena Technologies, a corrupt contractor for the Passenger Rail Agency of South Africa (Prasa). R5.5-billion of public money was on the line. Siyangena was shameless in its corruption. The company circumvented procurement rules, tailored Prasa contracts to Read more >

CORRUPTION NEWS

SA pioneers wildlife conservation bond to support black rhino, communities

02 Nov 2022, 15:58

Image: Wikipedia, used under a CC BY-SA 2.0 license Swiss banks are not generally known for charitable endeavours, but have a reputation – some might say a well-deserved one – for being secretive. In fact, the country consistently appears in the top 10 of the Financial Secrecy Index, a ranking of jurisdictions that fuel financial Read more >

RAISING AWARENESS

Parly committee grills Saps on ‘misleading’ information, poor audit

02 Nov 2022, 12:56

The South African Police Service (Saps) presented a mixed bag or results in its 2021/2022 annual report, tabled before the parliamentary standing committee for police (Scop) in mid-October – and the committee was not impressed. At the same time Scop heard from the Auditor-General of South Africa (Agsa) on the audit outcomes for the Department Read more >

RAISING AWARENESS

Use of data for the public good is growing, albeit slowly

01 Nov 2022, 12:27

Public procurement is an area of governance that is particularly prone to corruption because it is the nexus of power, money, and decision-making. If any of those factors are abused, the losses for the state can be costly, and the gains for the corrupt substantial. Taxpayers have a right to know where their money goes, Read more >

RAISING AWARENESS

WC Police Ombud to investigate alleged link between Saps and gangs

28 Oct 2022, 13:54

Source: South African government On 27 October Western Cape premier Alan Winde requested the provincial police ombud Oswald Reddy to launch an investigation to answer one key question: Is there sufficient evidence and concern to warrant establishing a Commission of Inquiry to probe serous allegations of links between gangs and members of the South African Read more >

RAISING AWARENESS

SOEs, state security get overhaul, but no accountability for Kodwa, Mahlobo

28 Oct 2022, 12:19

While President Cyril Ramaphosa’s responses to the state capture commission’s recommendations on the renewal of state owned entities and the intelligence sector have positive prospects, he remains silent on the deputy ministers in his government who were fingered in wrongdoing. The biggest casualties of state capture in South Africa, SOEs that were robbed of billions Read more >