Auditors face scrutiny as KPMG takes another body blow
The auditing profession faces closer scrutiny in the wake of damning new revelations about the conduct of two senior KPMG audit partners in the latest blow for the global firm still trying to repair the damage to its reputation over ...
Now politicians face probe over Vrede dairy farm
Public Protector Busisiwe Mkhwebane is to focus on the ‘roles of the politicians’ alleged to be involved in corruption in the re-opened investigation into the Vrede Dairy Farm Project. According to a Mail & Guardian Online report, Mkhwebane told MPs ...
Eskom tells MPs how it’s tackling graft
Eskom is investigating 239 cases of misconduct by officials, the National Assembly’s Public Enterprises Committee heard yesterday (Wednesday). A Fin24 report says members of Eskom’s board, including deputy chair Sindi Mabaso-Koyana, acting CEO Phakamani Hadebe and acting CFO Calib Cassim ...
Government employees cash in on state contracts
Public-sector employees continue to do significant amounts of business with the state in violation of the Public Service Act and public service regulations. A Business Day report says R8bn was paid to 2 349 businesses in which state employees were ...
Steinhoff director Van Zyl quits as firm faces roasting
We’re committed to fighting corruption – Ramaphosa
Johannesburg racks up R3bn in irregular expenditure
Curator withdraws VBS results
Bursary for Premier’s son above board, says Denel
Judge slams council for tender manipulation
Law firm accused of R200m pension rip-off
Officials rake in R6.3m in undeclared gifts
Geotechnical firm penalised over cartel activity
Blanket maker denies collusive tendering charges
Law firms in the spotlight
Residents tell of Vrede dairy farm con
The backstory to the controversial Vrede dairy farm is recounted in a comprehensive report in The New York Times which tells how the impoverished community in the Free State was sold the government-backed project which was meant improve their lives ...
Rest of Africa
'Fake', corrupt magistrates axed in DRC
The DRC this week sacked more than 250 magistrates who did not have a law degree or were accused of corruption. Justice Minister Alexis Mwamba confirmed that President Joseph Kabila has 'sanctioned' the officials 'who do not fulfil the conditions ...
Soccer bosses held in corruption probe
The president of the Democratic Republic of Congo Football Association (Fecofa), Constant Omari, has been taken into custody as part of a probe into embezzlement involving $1m, notes a BBC News report. It says Omari, who is also on the ...
‘$15m loot was urban legend’, says Mugabe
Former Zimbabwean President Robert Mugabe has retracted his remarks over the alleged missing diamond revenue amid investigations by the National Assembly. In a claim that's coming back to haunt him, the former Zimbabwe leader said in 2016 that $15bn ...
Mauritius targets Angolan wealth funds
Bank charged dead clients for advice, hearing told
Commonwealth Bank of Australia’s financial advisers have charged dead clients for financial advice, in one case for more than a decade, in shocking evidence heard at the banking royal commission, notes a report in The Guardian. It says the commission ...
Businessman accused of $1.5m airport scam
A corruption scandal is unfolding at Detroit Metro Airport involving a millionaire businessman who allegedly billed for a $1.5m ice-melting product that he never actually bought. The contractor allegedly pocketed the money with help from the inside, court records ...
Steinhoff’s Dutch investors gun for banks
The Dutch Investors’ Association (VEB), which launched legal proceedings against Steinhoff in January, has notified the three banks involved in Steinhoff’s Frankfurt listing that it is holding them liable for damages incurred by Steinhoff shareholders. A Business Day report says ...
Latvia cracks down on money laundering
Former US Governor’s 14-year jail term stands
* A former toll operator, Gegama Simon Mahlangu, who scammed the bank cards of motorists, has been sentenced to an effective four-year prison term by the Evander Regional Court in Mpumalanga. Mahlangu was found guilty of unlawfully using a skimming device ...