Featured South Africa

U.S. blacklists oil traders, tankers for undermining Venezuela sanctions

The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration… Read More

SA Opens Probe After Nabbing Three Men Smuggling Gold Bars in Luggage

By Zdravko Ljubas, OCCRP, 6 January 2021 OCCRP – After officials at the Johannesburg airport arrested three men who tried to smuggle gold bars in their hand luggage, the South African Police Service (SAPS) said Monday that it has launched an investigation… Read More

South African Graft Probe: McKinsey to Repay $44 Million, Testify

McKinsey & Co. will repay 650 million rand ($44 million) for contracts it had with South African Airways and state logistics company Transnet SOC Ltd., as it seeks to clear its name in the country. The consultancy firm’s chief risk officer, Jean-Christophe Mieszala, will on Thursday testify… Read More
20th November 2020
A controversial millionaire pastor has turned himself in to police after South Africa issued a warrant of arrest against him for skipping bail and fleeing home to Malawi. Shepherd Bushiri and his wife, Mary, are facing charges of money laundering and fraud in South Africa. On Saturday he told his… Read More
17th November 2020
Africa’s wealthiest preacher spirited himself back home to Malawi while facing a string of fraud and money laundering charges in South Africa. The authorities only realised that Shepherd Bushiri, 37, had left the country when he issued a statement declaring he had made “a tactical withdrawal” after crossing at least… Read More
12th November 2020
South African prosecutors issued an arrest warrant for the secretary-general of the ruling African National Congress on Tuesday, a police spokeswoman said, making him the highest-profile official to be charged in a corruption scandal that has pitched President Cyril Ramaphosa against powerful members of his own party. As secretary-general, Ace… Read More
11th November 2020
Mozambique filed provisional embezzlement, money laundering and abuse of office charges on Monday against former finance minister Manuel Chang over $2 billion in state-guaranteed debt borrowed during his term in office. Chang has been in custody in South Africa since Dec. 2018, where he is being sought both by Mozambique… Read More
2nd November 2020
South African authorities have launched a probe into suspected new fraud and money laundering allegations against former Steinhoff International Holdings NV Chief Executive Officer Markus Jooste, the Sunday Times reports, citing a police court application. The Directorate for Priority Crime Investigation, an elite crime busting force, applied for access… Read More
21st October 2020
A Faberge egg-collecting Russian oligarch who the US has hit with financial sanctions is set to benefit from the Morrison government’s gas-led recovery, it can be revealed. And a mysterious company registered in secrecy-haven Delaware is also in line to reap dividends if one of the key gas basins the… Read More
7th October 2020
The latest UNCTAD report titled Economic Development in Africa Report 2020 ranked Kenya at position 24 globally among countries that record high illicit financial flows. The report was presented by Secretary General of UNCTAD Mukhisa Kituyi at the end of September 2020. This places Kenya ahead of Nigeria (34),… Read More
24th September 2020
By Tanya Kozyreva, Michael Hudson, Spencer Woodman, Will Fitzgibbon, Agustin Armendariz, Golden Matonga, Delphine Reuter, Micah Reddy and Fergus Shiel, ICIJ, 23 September 2020 ICIJ — Ivor Ichikowitz recoils at the arms industry’s “reputation for being very cloak-and-dagger.” “We are not in the destroying-anything business,” the 53-year-old founder of South… Read More
8th September 2020
“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More
1st September 2020
Two new words have entered the South African lexicon — “plundemic” and “covidpreneur” capture a cynical response to the coronavirus emergency. A more vivid label for the allegations of sleaze linked to the procurement of emergency supplies by President Ramaphosa’s government came from the director-general of the World Health Organisation. Read More