Focus
SAA's R3bn deal with Takatso falls apart
SAA's controversial R3bn strategic equity partnership with the Takatso consortium has fallen through following raging criticism in recent weeks over the secrecy surrounding the deal, notes Legalbrief. Public Enterprises Minister Pravin Gordhan yesterday announced that SAA’s deal with Takatso has been ...
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South Africa
Koko magistrate allegedly failed to disclose Eskom dealings
Acting magistrate Stanley Jacobs, who presided over and ultimately kicked out the Investigating Directorate's (ID) multimillion-rand corruption case against former Eskom executive Matshela Koko and others, allegedly failed to disclose his own business dealings with the power utility. A ...
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Docket unveils SARB link in Steinhoff saga
The SA Reserve Bank has laid a corruption complaint against a former divisional head at its Financial Surveillance department, Raymond Paola, who was between 2012 and 2017 tasked with overseeing Steinhoff’s large cross-border transactions, reports the Daily Maverick. His co-accused ...
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FSCA to demand BEE transformation plans
The Financial Sector Conduct Authority (FSCA), which regulates all financial services providers, is preparing to demand transformation plans from participants, and could ultimately withhold licences from those who do not comply with specific BEE thresholds, reports Moneyweb. The FSCA announced ...
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Two-pot pension hampered by complications
SARS clamping down on alleged key gold smugglers
Intelligence whistle-blower loses disciplinary challenge
Afristrat temporarily halts liquidation bid
Government departments incurred R14bn irregularities – AG
Post Office BRPs concerned about bailout delay
Bank seeks to auction property CEO's home
Accountant jailed for R50m fraud
Questions over appointment of social grant panels
Cape Town seeks to interdict constructions extortionists
Amplats regrets failure over Leoka's qualifications
Accountability still elusive, civil society review finds
Makhubele fails to get adjournment over witness dilemma
Rand rigging impacted public trust in banks – Kganyago
Habib Bank found to be 'hopelessly insolvent'
SIU recovers almost R1bn from NSFAS probe
Mediclinic cleared of manipulating billing
Fears over key data after Pension Fund allegedly hacked
Old Mutual agrees to pay family after social media outcry
US to help SA combat illicit financial flows
Two in the dock over alleged romance scams
Businessman offers R5m reward for proof he is corrupt
Analysis
Canal+’s fight for MultiChoice exposes regulatory clashes
The battle for MultiChoice has taken a dramatic turn as the fate of Canal+’s offer may not hinge on the preferences of the parties involved but rather on the actions of two regulatory bodies, writes Tiisetso Motsoeneng in a ...
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Rest of Africa
Single currency release for East Africa 'a fake'
To the casual observer, it seemed like the long-cherished dream of a new single currency for East Africa had come to fruition, reports BBC News. An account on X, called ‘Government of East Africa’, complete with a grey tick suggesting ...
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Al-Shabab classed as ‘money-laundering network’
Al-Shabab, the militant group which is linked to al-Qaeda and once controlled much of Somalia, is now classed as a ‘transnational money-laundering network’ by Washington, reports BBC News. The US Department of the Treasury said on Monday it was taking ...
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Namibian Minister denies licence graft claims
The Minister of Mines & Energy, Tom Alweendo, on Tuesday denied allegations levelled against him that he has corruptly awarded petroleum licences to a close friend, reports The Namibian. Last week, Landless People’s Movement deputy leader Henny Seibeb questioned Alweendo ...
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SA firm's ‘dubious’ deal with Lesotho debt collector probed
World
SRA ramps up money-laundering sanctions
The Solicitors Regulation Authority has ramped up the frequency and harshness of sanctions for money-laundering breaches in the past six months, new analysis has shown. Since the beginning of October, the regulator has issued or agreed to issue 19 fines ...
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Trump wants ‘hush-money’ trial delayed
Donald Trump on Monday asked the New York judge overseeing his criminal case on charges stemming from hush money paid to a porn star to delay the trial until the US Supreme Court finishes reviewing his claim of Presidential immunity ...
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US military firm linked to alleged Saudi royal bribes
One of the largest military contractors in the US paid commissions to a Saudi company later alleged to have been a conduit for bribes for the kingdom’s royal family, reports The Guardian. A document disclosed in a UK criminal trial ...
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