The State Information and Technology Agency (Sita) was lambasted in Parliament this week after the SIU tore apart irregularities in an IBM contract awarded during the state capture years and found 22 staffers who hadn't disclosed relevant business interests ... Read More
Finance Minister Enoch Godongwana has finally caved to widespread pressure, canning the planned 0.5 percentage point hike in VAT. National Treasury announced the decision in a statement issued just after midnight, saying the minister ‘will shortly introduce the Rates ... Read More
SAA has submitted a five-year, two-phase turnaround plan to the government that a Business Day report says could see it going to the market for a R2.25bn investment facility and seeking a strategic equity partner. According to the restructuring plan ... Read More
National Treasury is willing to help KZN's Ithala, which is registered as a mutual bank allowed to take deposits, to get a full banking licence, Finance Minister Enoch Godongwana has indicated. However, he cautioned that he cannot override the ... Read More
The automotive industry is responsible for 60% of the country’s manufactured goods exports and is the single largest domestic manufacturing sector and it was already facing challenges from increased competition, imports and weak domestic demand, Busi Mavuso, CEO of Business Leadership South ... Read More
A Tanzanian court has agreed to expedite a $195m hearing regarding a lawsuit against Patrice Motsepe and his related companies, Fin24 reports. US group Pula maintains that Motsepe and African Rainbow Capital breached a non-compete contract when they invested in ... Read More
Asian crime syndicates behind the multibillion-dollar cyberscam industry are expanding into regions including Africa as raids in Southeast Asia fail to contain their activities, the UN said in a report. The cybercrime groups are increasingly establishing operations in Africa, including ... Read More
New commercial banks will once again be able to establish their presence in Kenya starting 1 July, following a decision by the Central Bank of Kenya (CBK) to lift the moratorium on licensing that has been in place for nearly ... Read More
The EU has ordered Apple and Meta to pay a combined €700m in the first fines it has issued under recent legislation intended to curb the power of big tech, writes the BBC. The region fined Apple €500m over its ... Read More
The World Economic Forum has started an investigation into whistleblower allegations against its founder Klaus Schwab, who resigned as chair of WEF’s board of trustees with immediate effect at the weekend at an extraordinary meeting, where trustees discussed fresh claims ... Read More
Prosecutors have indicted former South Korean President Moon Jae-in on charges of bribery related to his former son-in-law's job at an airline, the BBC reports. Prosecutors argue the ex-President’s former son-in-law, identified only by his surname Seo, had little ... Read More
Corruption in South Africa: A Legal Perspective Mubangizi, J (Editor) | Print ISBN: 9781485152323 Corruption in South Africa: A Legal Perspective provides a clear, accessible overview of the country’s legal and institutional responses to corruption. Covering international and domestic frameworks, public ... Read More
