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VBS Bank scandal revealed in explosive report

It started off as a small, wholly black-owned specialist corporate finance and retail bank, established in 1982. Today it is at the centre of what financial analyst Stuart Theobald, speaking this morning on the Classic Business Breakfast show, called “the most shocking example of bank fraud in South Africa’s history”. The Venda Building Society, now Read more >

Nene resigns, Tito Mboweni is new finance minister

Nhlanhla Nene’s resignation as finance minister has been accepted by President Cyril Ramaphosa. Former Reserve Bank governor Tito Mboweni was announced as the new finance minister on Tuesday, following a week of speculation over the fate of Nene. For one, this means that the medium-term budget statement will be presented by South Africa’s third finance Read more >

SA court syndicate said to help rhino poachers escape justice

By Alastair Leithead First published on BBC News A whistle-blower has told the BBC he was the middleman between rhino-horn smugglers and a court syndicate in South Africa’s KwaZulu-Natal province. He alleges he took money given to a lawyer from rhino-horn kingpins and paid it to people within the judiciary. The lawyer, Welcome Ngwenya, denies Read more >

Corruption – if you caught it, report it!

It might be tempting to feel discouraged every time a new instance of abuse of power hits the front pages, or more evidence is uncovered to show the extent of state capture – you may think, “what can I, as one person, do?” Think again! By refusing to allow corruption into your life – no Read more >

SA making progress on beneficial ownership, but CSOs left out

South Africa launched its latest Open Government Partnership (OGP) action plan, covering the period 1 July 2016 – 30 June 2018, on 6 May 2016. This was the country’s third national action plan since joining the OGP programme, which provides a platform for governments and civil society to work together to develop and implement ambitious Read more >

It’s Time – A FunDza / Corruption Watch story

Together with the FunDza Literacy Trust, we now publish our sixth youth-targeted story, It’s time for us to eat, a story about doing the right thing, even if it means your dreams will take a little longer to be realised. Catch up with our previous youth-focused stories, also produced in partnership with FunDza – Innocence Read more >

People’s Tribunal releases preliminary findings

Following five days of hearings the five-member panel of the first Peoples’ Tribunal on Economic Crime released their preliminary findings last night. The findings, read out by Justice Zak Yacoob at Constitution Hill, provide a strong call for accountability. They echo the closing message to the People’s Tribunal by South African Council of Churches secretary-general, Read more >

Five days of gripping tribunal hearings

After five days of compelling and disturbing testimony, presentations, submissions and personal accounts, the People’s Tribunal on Economic Crime wrapped up on Wednesday evening. The five-member panel of adjudicators shared their preliminary findings, followed by the opening of The People Against Corruption exhibition. Download the preliminary findings. The evidence presented was just the tip of Read more >

Skeletons emerge at People’s Tribunal

By Kwazi Dlamini The People’s Tribunal on Economic Crime, currently in session at Constitution Hill in Johannesburg, is drawing to a close but it has certainly produced its share of sensational revelations. On Monday Ajay Sooklal, formerly a legal representative of French arms company Thales, dropped a bombshell by revealing a range of key role Read more >