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Molefe, Singh arrested over Transnet capture claims

Former Transnet executives Brian Molefe and Anoj Singh are the latest high-profile state capture-related appearances expected before the Palm Ridge Specialised Crimes Court on Monday, where they will join Siyabonga Gama, Garry Pita, and Phetolo Ramosebudi. This follows their arrest on Monday on charges including fraud, corruption and, money laundering relating to the parastatal’s locomotives Read more >

Bain, Nedbank deny facilitating corruption in South Africa

By Prinesha NaidooFirst published on Bloomberg Global consultancy Bain & Co. and Nedbank Group Ltd., South Africa’s fifth-largest lender, denied wilfully facilitating or being party to corruption after a judicial inquiry found their conduct wanting in their dealings with state-owned firms.  A panel, headed by Acting Chief Justice Raymond Zondo, concluded in the first of Read more >