18th February 2018
A South African court has ruled that Absa, a subsidiary of Barclays Africa, will not need to repay loans taken from the apartheid government in the eighties and nineties. South Africa’s anti-corruption watchdog, the Public Protector, had argued that the then government illegally issued bailouts to Bankorp, which was… Read More
14th February 2018
The Hawks, South Africa’s special police unit, landed at a home reported to belong to the Gupta family on Wednesday morning in what is considered to be part of a probe into corruption allegations linked to President Jacob Zuma. The Guptas have featured prominently in a number of scandals, and… Read More
11th February 2018
AP – The drama over whether South African President Jacob Zuma soon will leave office because of corruption allegations is overshadowing commemorations of the centenary of Nelson Mandela’s birth. Top leaders of the ruling African National Congress won’t take part in events leading up to a big rally Sunday… Read More
7th February 2018
African National Congress leader Cyril Ramaphosa will outline “progress” on the question of President Jacob Zuma’s future on Wednesday, South Africa’s parliament speaker said, amid persistent speculation a deal is in the works for him to resign. Zuma, in power since 2009 and beset by corruption allegations, has been in… Read More
17th January 2018
South African prosecutors have called for two consultancy firms to repay $130 million (£94.4 million) they earned from the state power company, Eskom. McKinsey, and a local firm called Trillian, were paid the sum in 2016 for giving advice. Trillian was controlled by the Gupta family, whose closeness to President… Read More
8th January 2018
South Africa’s parliament said on Sunday it would review its rules relating to removing the country’s president, after the constitutional court said on 29 December that lawmakers had previously failed to hold President Jacob Zuma to account. The court ruling has piled pressure on Zuma and his allies as his… Read More
22nd December 2017
Eye Witness News Cyril Ramaphosa, the new leader of South Africa’s governing ANC party, said on Thursday he aims to stamp out corruption and pursue a policy of “radical economic transformation” that will speed up expropriation of land without compensation. Ramaphosa, a 65-year-old union leader who became a businessman and… Read More
14th December 2017
The United Kingdom’s Financial Conduct Authority has progressed with its inquiry into the involvement of British banks in facilitating alleged money laundering for a controversial South African business empire, according to Lord Peter Hain. On Tuesday, during a debate on the Sanctions and Money Laundering Bill, Lord Hain said… Read More
12th December 2017
South African President Jacob Zuma has been issued a fresh deadline to the end of January 2018, by the country’s National Prosecuting Authority (NPA), to submit arguments on why he should not be prosecuted for corruption. The 783 charges against Zuma relate to a 30 billion rand (2.20 billion dollars)… Read More
11th December 2017
eNCA The Progressive Professionals Forum (PPF) opened a docket of inquiry for criminal charges against embattled furniture giant Steinhoff in Stellenbosch on Saturday. The organisation said it would also write to Public Protector Busisiwe Mkhwebane asking her to initiate a comprehensive inquiry into asset management companies sub-contracted by the Public… Read More