22nd September 2016
Cape Town – In the 12 years since the inception of government’s anti-corruption hotline, a total of 3 570 civil servants have been charged with graft, the governance and administration cluster said on Thursday. The proceedings saw the dismissal of 1 694 officials. A further 438 were fined in the… Read More
12th September 2016
Jonas Makwakwa is reportedly facing investigation for 'suspicious' and 'unusual' cash payments. Read More
9th September 2016
The gloves came off yesterday when Tshwane mayor Solly Msimanga walked into the police station to lay criminal charges against three senior ANC council administrators. Read More
8th September 2016
Regulating the banking sector in South Africa is a “difficult balancing act”, said Finance Minister Pravin Gordan in parliament on Wednesday. He was responding to questions from MPs posed to ministers in the economic cluster of government. “On the one hand we need to ensure there’s stability in the banking… Read More
7th September 2016
The Banking Association of South Africa, which represents the country’s biggest banks, wants President Jacob Zuma to pass the Financial Intelligence Centre Amendment Bill, which targets money laundering. “We have full faith in the South African Reserve Bank and we are happy with the FIC amendment bill,” said Basa’s Managing… Read More
31st August 2016
The chief financial officer and an executive manager in the Northern Cape department of economic development are being accused of running an elaborate corruption and money laundering scheme. This they did by allegedly setting up companies with front directors in order to get millions of rands in grants from the… Read More
23rd August 2016
The newly-elected Johannesburg Mayor Herman Mashaba has declared corruption enemy number one. He was elected mayor after the Economic Freedom Fighters (EFF) and smaller parties supported his nomination at the Johannesburg Metro’s inaugural meeting on Monday. The Democratic Alliance (DA)’s Kevin Wax was elected chief whip while the party’s Vasco… Read More
19th August 2016
The South African National Defence Force (SANDF) on Thursday, announced the suspension of 27 members for allegations of fraud and corruption. “The Chief of the SANDF General Solly Shoke places 27 members (19 uniformed and eight civilians) on leave on instruction who are working at the Army Support Base Limpopo… Read More
15th August 2016
Moody’s says the move by the South African Reserve Bank to fine five banks R35 million for not complying with the law is credit positive for SA’s rating status. SA is currently rated two notes above junk by Moody’s and one notch above non investment grade by S&P and Fitch. Read More
11th August 2016
South Africa’s parliament on Thursday began interviewing candidates to replace Thuli Madonsela, the head of a corruption watchdog whose findings undermined support for President Jacob Zuma and his administration and worried investors. Appointed by Zuma in 2009 for a seven-year, non-renewable term, Madonsela investigated several scandals involving Zuma which contributed… Read More