CORRUPTION NEWS

Some wins so far in the fight to undo state capture

A permanent Investigative Directorate (ID), some successes in asset recovery, and greater protection for whistle-blowers. These are some of the highlights of President Cyril Ramaphosa’s action plan in response to the findings and recommendations of the state capture commission, or Zondo commission. The ID, which falls under the National Prosecuting Authority (NPA), is now a Read more >

CORRUPTION NEWS

SIU lays bare corruption and chaos in licencing system

On 24 October transport minister Fikile Mbalula briefed media on a Special Investigating Unit (SIU) probe into the country’s licensing system. The SIU has produced an interim report in terms of its proclamation R37 of 2017, and the levels of corruption and malfeasance it has so far uncovered are staggering. Proclamation R37, issued by then-president Read more >

CORRUPTION NEWS

New corruption laws proposed for businesses in South Africa

First published on BusinessTech One of the proposals from Chief Justice Raymond Zondo’s state capture report is to include failure to prevent corruption as a new criminal offence for companies. According to law firm Bowmans, this recommendation by Zondo will require the amendment of the Prevention and Combating of Corrupt Activities Act 12 of 2004 Read more >

CORRUPTION NEWS

South Africa must prepare for FATF greylisting, says BLSA report

By David ThomasFirst published on African Business The probability of South Africa being greylisted by the Financial Action Task Force (FATF) is as high as 85%, according to a report commissioned by Business Leadership South Africa (BLSA) and compiled by analysts Intellidex.  The FATF, an intergovernmental organisation founded to develop policies to combat money laundering 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 >

CORRUPTION NEWS

Deliberate delay on NSF forensic investigation report?

By Lesedi Masoko The R2.5-billion that remains unaccounted for in the National Skills Fund (NSF) is a severe setback for South Africa’s young people, many of whom rely on government support for the chance to further their studies and careers. The NSF provides funding for skills development initiatives that are identified by the National Skills Read more >

CORRUPTION NEWS

State capture update: hope after recent spate of arrests, charges

A lengthy state ban on international consultancy giant; a former cabinet minister and member of parliament in court, multiple arrests in the North West transport scandal and changes to the final state capture report. All developments making headlines recently as the wheels of justice begin to turn in government’s response to the findings and recommendations Read more >

CORRUPTION NEWS

CW and AmaB submit on anti-money laundering bill, express concerns

In a comprehensive joint submission to Parliament’s Standing Committee on Finance today, non-profit organisations Corruption Watch and AmaBhungane expressed concern that the haste with which the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill was developed may have compromised its effectiveness. The bill was prepared in a matter of months after the Financial Read more >