2nd May 2017
South African President Jacob Zuma has signed the anti-money laundering bill FICA, which allows increased scrutiny of the bank accounts of “prominent individuals”, including himself, into law, his office said on Saturday. The country risked being kicked out of global fraud monitor, the Financial Action Task Force (FATF), if the… Read More
1st March 2017
Parliament yesterday approved an anti-money-laundering bill that will increase scrutiny of the bank accounts of “politically exposed people” three months after President Jacob Zuma sent it back to MPs for reconsideration because of concerns about its constitutionality. The National Assembly voted across party lines to have the Financial Intelligence… Read More
16th February 2017
A South African antitrust regulator said it found that more than a dozen international and local banks colluded to manipulate foreign-currency trades and recommended some of them be fined 10 percent of their annual turnover. The Competition Commission identified lenders including Bank of America Merrill Lynch, JPMorgan Chase & Co., BNP… Read More
14th February 2017
South Africa was hit by more cyber attacks than any other country in Africa in one year but experts say the private and public sectors are not taking the threat seriously enough. Read More
3rd February 2017
Along-hidden, secret report by a former senior MI6 officer has triggered a financial scandal after allegedly uncovering evidence South African banks “looted the state” during the apartheid regime. Read More
25th November 2016
What explains this black hole in the economy? The answer is almost entirely poor governance by Jacob Zuma, a president who may soon face 783 charges of fraud, corruption and racketeering. Read More
7th November 2016
South Africa's embattled President Jacob Zuma has said he is not scared of going to prison, days after an investigation found evidence of possible government corruption. Read More
3rd November 2016
Drunk driving cases closed even before blood analysis reports were filed, reports that went missing and incorrect statements were some of the damning findings made by the Independent Police Investigative Directorate in a probe into corruption in drunk driving cases in Durban. Ipid spokesman Moses Dlamini said on Wednesday the… Read More
2nd November 2016
An investigation into South Africa’s President Jacob Zuma has found evidence of possible corruption at the top level of his government. In the report, former Public Protector Thuli Madonsela recommends Mr Zuma establish a judicial commission of inquiry within 30 days. Mr Zuma is accused of an improper relationship… Read More
2nd November 2016
South Africa’s President Jacob Zuma has abandoned his court bid to block the release of a report by former anti-corruption chief Thuli Madonsela. She investigated allegations that he let the wealthy Gupta family wield undue influence in his government. Mr Zuma’s lawyer informed the High Court in the capital,… Read More