The Road Accident Fund (RAF) is determined to challenge the ruling in its accounting standard case, despite the scathing judgment that it had 'no ground to stand on, and none of its arguments withstood scrutiny', notes Legalbrief. According to a Fin24 ... Read More
Financial Sector Conduct Authority (FSCA) commissioner Unathi Kamlana has urged banks to reflect on whether the prevailing common law position relating to closure of customers’ accounts is fair to clients, reports BusinessLIVE. Kamlana told the Banking Association SA’s Banking on ... Read More
Transnet's decision to award a tender for the supply of critical port equipment to a company whose directors are on trial for fraud was overturned by the Gauteng High Court (Pretoria) last week. In late 2022, Transnet awarded Aqua ... Read More
The NPA has denied being responsible for the delays that saw a R100m tender fraud case against its potential star witness in former National Assembly speaker Nosiviwe Mapisa-Nqakula's R2.5m corruption trial being struck from the roll, reports News24 ... Read More
Companies implicated in corrupt activities in SA will now have the option to settle matters with law enforcement agencies via alternative dispute resolution mechanisms without facing criminal charges, in a first for the country, writes Kabelo Khumalo in Business Day ... Read More
Rwanda is seeking to amend its mineral tax law with a view to promote value addition for higher revenues and discourage the exportation of the valuable natural substances in raw form, according to a Bill before Parliament. The New Times ... Read More
Four former senior Malawi officials have been banned from entering the US over corruption allegations. They include former Police Chief George Kainja, former Solicitor-General Reyneck Matemba, former Director of Public Procurement John Suzi-Banda and former police service attorney Mwabi Kaluba ... Read More
The president of the Football Association of Zambia (Faz) has been arrested and charged with money laundering offences, reports BBC News. The country's Drug Enforcement Commission (DEC) alleges that Andrew Kamanga obtained government funds under false pretences and was ... Read More
The US competition watchdog has sued to block fashion accessory giant Tapestry's $8.5bn takeover of rival Capri, reports BBC News. Tapestry owns handbag makers including Coach and Kate Spade, while Capri's brands include Michael Kors. The US ... Read More
A Russian Deputy Defence Minister has been accused of taking bribes and remanded in custody by a court in Moscow, reports BBC News. Timur Ivanov, who denies the charges, is accused of accepting bribes ‘on a particularly large scale’. Appointed ... Read More
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money-laundering, US prosecutors said in a court filing on Tuesday. TimesLIVE reports that Zhao, who ... Read More
* The Musina Regional Court has sentenced a former clearing agent and a former SARS customs officer at the Beitbridge border post to 15 years’ imprisonment each after finding them guilty of fraud, forgery and corruption. NPA spokesperson Mashudu Malabi-Dzhangi said ... Read More
* Eastern Cape Health Department spokesperson Sizwe Kupelo was arrested by the Hawks yesterday for allegedly submitting a falsely certified copy of his matric certificate to secure his appointment as deputy director of communications. Kupelo was granted R30 000 bail and ... Read More
* The NPA is planning on scrapping former City of Tshwane Mayor Murunwa Makwarela’s fraud case once it receives his death certificate. This was confirmed by NPA spokesperson Lumka Mahanjana. An EWN report notes that Makwarela died in hospital this week ... Read More
Financial Services Tribunal: Ramdas v Discovery Connect Distribution Services Judgment: 22 April 2024 Keywords: Application for reconsideration of debarment – FAIS Act, s 14(1)(a) – fit and proper requirements – honesty and integrity Summary: The applicant, a telesales representative of the respondent ... Read More
North West High Court (Mahikeng): Ruan Botes and 12 Others v Tariomix (Pty) Ltd and six Others Judgment: 12 April 2024 Keywords: Nature of liquidation order – rule nisi – withdrawal of application after granting of provisional order Summary: After ... Read More
Free State High Court (Bloemfontein): Nathane v Khaotso Judgment: 4 April 2024 Keywords: Loan agreement contravening NCA – ex turpi causa non oritur actio – par delictum rule Summary: The plaintiff and defendant concluded a loan agreement, the plaintiff lending ... Read More
PRINCIPLES AND PRACTICES OF FORENSIC PSYCHOLOGY & OTHER RELATED PROFESSIONS By Stefanie Badenhorst Publisher: Juta Principles and Practices of Forensic Psychology & Other Related Professions delves into the intersection of psychology, law and mental health professions in SA ... Read More
