8th August 2016
The South African Reserve Bank (SARB) has imposed fines on five banks relating to weaknesses in control measures to combat money laundering. The penalties were imposed after the Reserve Bank conducted routine inspections in terms of the Financial Intelligence Centre Act (FIC Act) and found weaknesses in each of the… Read More
1st August 2016
President Jacob Zuma has told ANC supporters at a rally in Johannesburg that his party will root out all forms of corruption at the wards it wins in the August 3 elections. Zuma was speaking at the party’s final rally at Emirates Stadium on Sunday, saying the ANC will only… Read More
29th July 2016
Charges against Radovan Krejcir piled up on Thursday when he was charged alongside three other people for alleged involvement in a money-laundering scheme that defrauded the Central Bank of Swaziland of almost R7.6 million. This was after an investigation started in 2013 by the SAPS peaked on Thursday when prominent… Read More
20th July 2016
The International Monetary Fund has criticised efforts by government to reform the economy. Read More
15th July 2016
Tax and prosecution bodies must build the capacity to curb illicit activities that rob countries of tax revenues, said Finance Minister Pravin Gordhan on Thursday, speaking at the High Level Conference on Illicit Financial Flows at the University of Pretoria. Illicit money leaving Africa reduces the amount of resources available to… Read More
13th July 2016
Accusations against Sascoc president related to social grants result in urgent meeting Read More
6th July 2016
The National Anti-Corruption Forum (NACF) has failed to convene a single meeting in four years, the DA said on Tuesday. “This dereliction is indicative of the ANC government’s hollow commitment to fighting corruption in the public service and elsewhere,” DA shadow minister of public service and administration Annette Lovemore said. Read More
29th June 2016
Nelson Mandela Bay Mayor Danny Jordaan says he has never committed any fraud and took part in no corruption in the build up to the 2010 Fifa World Cup. In an exclusive interview with Eyewitness News, Jordaan has dismissed claims that he or South African Football Association (Safa) paid a… Read More
27th June 2016
South African President Jacob Zuma should pay back $500,000 of public funds spent upgrading his private residence with facilities including a chicken coop and a swimming pool, the treasury said Monday. In March, the country’s highest court found that the president had violated the constitution by defying an order… Read More
24th June 2016
Six weeks before crucial municipal elections, ANC leader and South African President Jacob Zuma has suffered another courtroom setback. Corruption charges against him, once believed buried, are resurfacing. Read More