Focus
‘Carat king’ Liebenberg arrested for alleged diamond scam
Controversial diamond dealer Louis Liebenberg, who has close ties to several prominent politicians and who has been embroiled in acrimonious liquidation and insolvency inquiries related to his company Tariomix, was arrested on Tuesday for alleged fraud and money laundering, notes ...
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South Africa
Steinhoff successor and SARB hash out R9bn deal
The SA Reserve Bank (SARB) and Steinhoff's successor company, Ibex, have hashed out a deal to unblock R9bn in funds that the central bank froze earlier this year, according to Fin24. The deal means that Ibex, which took over ...
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SOEs cost taxpayers R283bn in bailouts over five years
Over the past five years, state-owned entities (SOEs) sucked taxpayers dry of more than R283bn in bailouts, yet these troublesome companies have completely mismanaged their funds, racking up just shy of R70bn in irregular expenditure, according to Fin24. Not far ...
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Sasfin apologises for fraudulent activity
The board and management of boutique wealth management firm Sasfin ‘deeply regret’ the fraudulent activity that took place in the organisation, it noted in its full-year results announcements for 2024 on Tuesday, according to Moneyweb. ‘We are acutely aware of ...
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Probe into SABC Gupta ‘breakfast briefings’ underway
Former Transnet boss granted bail
Investec fraud accused dies in custody
SARS raids major player over alleged illegal diesal blending
SIU uncovers municipality’s R70m irregular tender
IEC unable to meet MKP challenge deadline
Ramaphosa to respond to EFF's SIU report request
Police investigating second Phala Phala break-in
Dismay over Capitec's crypto restrictions
Legal opinion clears NLC on R300m Treasury payment
Former Johannesburg mayor on special leave
Free State Premier faces disciplinary action
Billions owed to Gauteng’s municipalities
Banxso allegedly violating FSCA suspension
SAA fights Zimbabwe on assets seizure
Graft-accused municipal manager re-appointed
SIU to investigate Makana maladministration
Draft Bill to adopt OECD rules in SA
MEC dragged into Mabe fraud allegations
Pension funds approve R26bn in two-pot withdrawals
Police grappling with extortion cases
Analysis
A new course for oversight and accountability
MPs have a tough time trying to hold the executive – the Cabinet Ministers – to account, writes Dr Rachel Fischer in the Daily Maverick. Fisher, who is the parliamentary engagement and research manager at the Organisation Undoing Tax Abuse (Outa ...
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Rest of Africa
Investor under scrutiny over Beira/Harare pipeline deal
A South African investor in a $906 000 pipeline deal seeking to connect Mozambique to Zimbabwe from Beira to Harare along the Feruka corridor has been flagged over a 2016 corruption allegation in Ghana. News24 reports that US investigative and ...
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Corruption accused firm gets Namibia ballot tender
A South African company awarded a tender to print the ballot papers for Namibia’s November elections has been embroiled in a N$570m (R570m) scandal in Zimbabwe. Last week, the Electoral Commission of Namibia announced that the Johannesburg printing firm ...
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EU claims some Mozambique voting results doctored
Election observers working for the European Union (EU) say some voting results have been doctored in Mozambique, as unrest in the country continues to grow, reports BBC News. Thousands of people joined opposition protests on Monday that were called by ...
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World
Calls for investigation into Musk over $1m giveaways
Pennsylvania's Democratic Governor Josh Shapiro is among those calling for an investigation of Elon Musk, after the billionaire promised at a pro-Trump rally this weekend to give away $1m each day until the US election on 5 November, reports ...
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Giuliani loses assets over false ballot tampering claims
A federal judge on Tuesday ordered former Donald Trump attorney and New York mayor Rudy Giuliani to turn over all his valuable possessions and his Manhattan penthouse apartment to the control of Ruby Freeman and Shaye Moss, the Georgia election ...
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Former Peruvian President jailed for graft
A court in Peru has sentenced former President Alejandro Toledo to 20 years and six months in jail for corruption and money laundering, reports BBC News. Prosecutors say he took $35m in bribes from a Brazilian construction company which was ...
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Naraidu v State (Tax practitioner, fraud)
SCA:
Naraidu v State
Judgment: 16 October 2024
Keywords: Criminal Law – Claim for refund under the Value Added Tax Act (VAT Act) – Fraud – Intention – Tax practitioner – knowledge that claim was fictitious – validity of statutory ...
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