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CORRUPTION NEWS

Budget 2016: clampdown on state-owned entities

Finance Minister Pravin Gordhan says government seeks to stop corruption, waste and the continued bailout of state-owned entities (SOEs). He delivered his much anticipated budget speech on Wednesday, amid cynicism over the economy. Gordhan also defended a measure undertaken by Treasury to review all contracts above R10- million. Earlier in the day, Treasury had released Read more >

CORRUPTION NEWS

Hitachi: a settlement payment is not enough

Global electronics corporation Hitachi’s settlement fine of $19-million for charges brought by the US Securities and Exchange Commission (SEC) against the company for violating the Foreign Corrupt Practices Act (FCPA) is not enough of a sanction. The Japanese multinational company has a diverse footprint in over 40 countries and boasts growing profit margins year on Read more >

HEROES & ZEROES

And our hero and zero for 2014 are …

The votes are in, they have been tallied, and we are ready to announce the hero(es) and zero of the year for 2014. With 46% of the votes, our heroes are the three arms deal critics – Andrew Feinstein, Paul Holden and Andrew van Vuuren – who withdrew from the Arms Deal Commission in protest Read more >

HEROES & ZEROES

Vote for your hero and zero of the year!

It’s that time of the year when we look back on the individuals, organisations, and institutions who frustrated us, made us weep and gnash our teeth, made us throw up our hands, but also impressed us, gave us hope, and inspired us. Yes, it’s Hero and Zero of the Year time. Last year it was Read more >

CORRUPTION NEWS

Parastatals in the grip of graft

Airports, water boards, harbours and power utilities all play a vital role in South Africa’s economy, but what happens when staff at these state-owned enterprises (SOEs) rig multibillion-rand tenders or dish out jobs to their ill-suited friends and family? In this feature, we examine the dozens of tip-offs we’ve received about this kind of corruption Read more >