Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly. Google Chrome Mozilla Firefox Opera Safari
your legal news hub
Sub Menu
Search
07 December 2019 Corruption & Governance Watch

Focus


Ramaphosa shuffles his Ace and Joker

While President Cyril Ramaphosa continues with his efforts to steer SA towards calmer waters, his secretary-general remains a major stumbling block. Legalbrief reports that with Ace Magashule’s trail of transgressions – including corruption, theft and money laundering – it’s likely ... Read More

South Africa


SAA flies into business rescue headwind

After a week of speculation on loss-making SAA’s future, the airline is to be placed in business rescue, the government announced yesterday. Public Enterprises Minister Pravin Gordhan said that business rescue was the best way of avoiding a disorderly implosion ... Read More

Bosasa's legacy under the hammer

Yesterday’s ‘auction of the decade’ saw hundreds of people descending to the African Global Operations (AGO) campus in Krugersdorp. AGO, formerly Bosasa, failed in a court bid to stop the auction. Several vehicles, including former CEO Gavin Watson's BMW ... Read More

'Hurting' Old Mutual ready to settle with Moyo

Old Mutual, whose shareholders have lost about R17bn in value since the company first suspended former CEO Peter Moyo, said it may take years before it recovers from the reputational damage caused by the saga. It also said that it ... Read More

Policy Watch


Legislation: Revised Debt Collectors Bill a possibility?

Issues underpinning proposals in the 2015 draft Debt Collectors Amendment Bill ‘still need to be addressed’ before being ‘taken forward’. This is noting that, according to Justice & Constitutional Development Deputy Minister John Jeffery, the draft Bill’s ‘further promotion’ will ... Read More

Analyses


Is there a loophole for SIM?

In late 2017, then PIC CEO Dan Matjila signed a contract to swop the PIC’s 25% stake in Independent Media and at least R1.2bn in debt for practically worthless shares in Iqbal Survé’s aspirant tech ‘unicorn’, Sagarmatha Technologies. Sekunjalo ... Read More

Why the pension fund industry is largely silent

More than 16m South Africans contribute to a pension fund, most of which are run by financial behemoths like Liberty. They do so in the hope of a decent dignified life in retirement, and to ensure their dependants will be ... Read More

Rest of Africa


Museveni derided for anti-graft 'stunt'

Ugandan President Yoweri Museveni yesterday led thousands of civil servants, supporters and police officers on an anti-corruption walk through the capital, an exercise derided by critics as a meaningless stunt. Kampala was locked down with businesses shuttered and roads closed ... Read More

‘$53m paid to Zimbabwean farmers’

The Zimbabwean Government has paid about 100 white farm owners US$53m in line with its pledges to compensate them for improvements made to their expropriated land. That’s according to Information Minister Monica Mutsvangwa who said the move was part ... Read More

Chadian Minister arrested in graft case

Chadian Minister Kalzeube Deubet who served as the country's Premier from 2013-16 has been arrested following a complaint from the state inspectorate general for fraud. A report on the News24 site notes that the current secretary-general of the presidency ... Read More

World


Law firm director struck off for misleading clients

A former law firm director misled clients for six weeks about the progress of their case because he was too ‘embarrassed’ to admit he was struggling, a tribunal has heard. According to a Law Gazette report, Rodney Etherington, a solicitor ... Read More

Malaysia's former PM testifies in graft trial

Malaysia’s former Prime Minister Najib Razak has taken to the witness box for the first time to defend himself against charges linked to a multibillion-dollar 1MDB scandal. According to a report in The Guardian, Najib is accused of illegally receiving ... Read More

Briefs


Water graft addressed

* President Cyril Ramaphosa believes tender corruption in megaprojects for water infrastructure is putting the nation’s water security at risk. ‘Mismanagement of water resources and corruption in the water sector has in no small part contributed to the situation we currently ... Read More

Delay in tabling of report

* A report looking into allegations that Geoff Makhubo – chair of the ANC’s powerful Johannesburg region and its mayoral candidate – pocketed R30m from SA’s richest metro has yet to be tabled before party structures. Makhubo said he has been ... Read More

Project on hold

* The Eastern Cape High Court (Grahamstown) has put the brakes on a road construction project in Ngqushwa municipality over a tender dispute. Batabile Construction Services cc applied for an interdict to stop the local authority from awarding the contract to ... Read More