Posts

CORRUPTION NEWS

MFMA report: officials continue to squander municipal millions

By Thato Mahlangu Municipalities continue to waste billions of rands through corruption-related activities, the Auditor-General of South African (AGSA) revealed on Tuesday. Auditor-general (AG) Kimi Makwetu said in his 2018/19 Municipal Finance Management Act (MFMA) audit report that municipalities should ask themselves if they are investing in qualitative and preventative measures which would help to Read more >

CORRUPTION NEWS

SA properties firm a possible money laundering conduit

By Ray Mahlaka First published by Daily Maverick The Estate Agency Affairs Board has always been considered a bit toothless. So the sanctions Pam Golding Properties could face if found guilty of aiding money-laundering transactions are probably lightweight. But the Financial Intelligence Centre (FIC) might also get involved, and the penalties may be more severe. Read more >

PRESS RELEASES

BJC disappointed by Mboweni’s bleak budget

The 2020 budget proposals risk further harm to the economy by slashing funding for socio-economic development. The minister of finance, Tito Mboweni began his 2020 budget speech with a return to the analogy of the resilient aloe ferox that “survives and thrives when times are tough”. The Budget Justice Coalition (BJC) contends that while the Read more >

CORRUPTION NEWS

NGO to take NSFAS to court over irregular expenditure

By Thato Mahlangu Solidarity Helping Hand’s Study Fund Centre (SFC) is taking the National Student Financial Aid Scheme (NSFAS) to court after allegations that the scheme erroneously paid billions to a student resurfaced this week. In 2018, the Sowetan reported that a Walter Sisulu University student was accused of wrongfully pocketing more than R800 000 Read more >