27th October 2016
On Tuesday, South African President Jacob Zuma told South Africa’s Upper House of Parliament that he would continue his bid to block the release of the graft report by Thuli Madonsela, South Africa’s former public protector. “As a citizen of this country, I have a legal right to exercise my rights. I… Read More
25th October 2016
South Africa’s Finance Minister Pravin Gordhan faces a tough balancing act on Wednesday when he unveils a midterm budget meant to boost the sickly economy and show his looming fraud case is not distracting him. Gordhan has said he plans to reduce government spending, raise taxes and cut the budget… Read More
17th October 2016
The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number… Read More
14th October 2016
South Africa’s anti-graft watchdog has deferred release of a report into allegations of political interference by wealthy friends of Jacob Zuma in a move critics of the president fear could lead to a watering down of its conclusions. A court application by Zuma had obliged Thuli Madonsela, head of the… Read More
11th October 2016
South African prosecutors on Tuesday ordered Finance Minister Pravin Gordhan to appear in court on Nov. 2 over allegations he broke public finance rules by granting a colleague early retirement, news that sent the rand and share prices reeling. The currency dropped as much as 3.4 percent against the dollar… Read More
7th October 2016
The Constitutional Court has refused for now to hear the National Prosecuting Authority’s (NPA) appeal on the North Gauteng High Court judgment which reinstated fraud and corruption charges against President Jacob Zuma, the DA said in a media release on Friday. “This highlights, yet again, the deliberate attempts by the… Read More
6th October 2016
Cartel behaviour in the private sector and corruption within the public sector are “corrosive of public trust, they unfairly distribute economic resources and they undermine legitimate enterprise”, Minister of Economic Development Ebrahim Patel said on Thursday. Patel was speaking at the Competition Commission’s annual competition law, economics and policy conference… Read More
30th September 2016
With corruption seeping into government institutions, law enforcement agencies and the courts, Judge President of the Gauteng High Court in Pretoria, Dunstan Mlambo said close collaboration in rooting it out was more crucial than ever. Speaking at the Africa Uniting Against Crime(APA) anti-corruption training session at the National Prosecuting Authority’s… Read More
28th September 2016
FINANCE Minister Pravin Gordhan says Financial Intelligence Centre Act amendments are critically important in strengthening the financial system and ensuring it is of world standard to fight money laundering and terror financing. Parliament adopted the legislation unanimously. In his foreword to the 2015-16 Financial Intelligence Centre (FIC) annual report tabled… Read More
23rd September 2016
Bribery has increased in Africa, and South Africa has been named as a corruption hotspot in the 2016 anti-bribery and corruption survey. According to the survey, conducted by law firm ENSafrica, this was denting the country’s global image as an investment destination. The Democratic Republic of Congo, Ghana, Kenya, Mauritius,… Read More