Why the insurance industry is so worried
More than 1 000 insurance coverage lawsuits have been filed around the world relating to Covid-19-related business interruption losses. And with billions of rands at stake, Legalbrief reports that SA’s mega insurance companies are watching developments nervously. An economic and ...
Kodwa, ANC linked in cash for contracts testimony
Another flood of damning testimony of cash for contracts paid out to the ANC and several of its senior members – including President Cyril Ramaphosa’s ally, Zizi Kodwa – was revealed during yesterday’s sitting of the State Capture Inquiry, notes ...
KZN company probed over pyramid scheme
The Asset Forfeiture Unit in KZN has attached assets worth R106m linked to a company, Coinit, that is alleged to have been running a pyramid scheme. Spokesperson Natasha Kara said they include 11 properties in Dundee, five aircraft and a ...
Hitman tells of R500k offer from 'Ace' not to testify
Self-confessed hitman Xolisi (Botha) Mbebetho testified in the Free State High Court that he had received a written threat while incarcerated in the Kimberley prison not to testify in the trial, Volksblad reports. The letter, written by someone under the ...
Human Settlements Department leaves a trail
Concerns that UIF could collapse
Suspects in court over R75bn tender scam
Department probed over collusion claims
Cabinet approves anti-corruption strategy
Gupta firms’ rescue termination bid thwarted
Land scam trial involving Mabuza set for July
Legal tussle over lotteries dossier
Finance Ministry rapped for missing PIC meeting
FSCA publishes cryptocurrency rules
Leaked legal opinion muddies the waters
Watchdog wants ban on Deloitte boss
NGO seeks urgent action after oil sales judgment
Rawlins Trust cryptocurrency case set for February
Stakes high for judge and Zuma
Municipality investigations addressed
FSCA hails new penalty guidelines
How IPTS funds were siphoned
Mpumalanga couple in court on graft charges
Input sought on exchange control instruments
In the context of reforms to the capital flow management framework announced in last month’s Medium Term Budget Policy Statement, input is sought on appropriate amendments to the SARB’s exchange control Circular 15/2020 on the reclassification of inward-listed instruments ...
Auditing Profession Bill ready for second reading
The National Assembly’s Standing Committee on Finance has completed its work on the Auditing Profession Amendment Bill and appears to have made several changes. These are outlined in a report tabled with the Bill for a second reading in the ...
Crypto assets to be declared financial products
The Financial Sector Conduct Authority has called for comment on proposals for declaring crypto assets financial products under the 2002 Financial Advisory & Intermediary Services Act – a move that will make registration mandatory for anyone providing advice on or ...
Comment sought on FIC reporting guidelines
A leaf out of Zuma’s book ...
Former President Jacob Zuma’s argument that Deputy Chief Justice Raymond Zondo cannot preside in a hearing because of their personal relationship is being used in a high-profile case in neighbouring Zimbabwe. In a Financial Mail analysis, legal writer Carmel Rickard ...
FIC spreads its wings
Over the past few years swindlers, money launderers, cryptocurrency traders and conniving executives at a certain state-owned enterprise have found out – the hard way – about the existence of a little spoken of but surprisingly pervasive financial regulator. In ...
Rest of Africa
Sierra Leone’s ex-President defies commission
Sierra Leone's anti-corruption commission could issue a warrant for the arrest of former President Ernest Bai Koroma after he failed to comply with a summons for questioning, the head of the agency has confirmed. A report on the US ...
Bushiri appeal date set
The Malawian state's appeal of a lower court ruling that released self-proclaimed prophet Shepherd Bushiri and his wife Mary will be heard on 1 December. Information Minister Gospel Kazako confirmed this to News24 yesterday. He said if government was ...
Former Chief Magistrate seeks acquittal
Zimbabwe’s former Chief Magistrate has applied to be acquitted after the state closed its case against him. Mishrod Guvamombe is facing charges of criminal abuse of office and defeating the course of justice after he allegedly offered internships to former ...
Namibian man jailed over credit card scam
Ethiopia’s central bank suspends Tigray accounts
Court rejects bank’s repossession application
Namibian parastatal ordered to sell shareholding
Sarkozy becomes first former French President in dock
Nicolas Sarkozy has become France’s first former President to appear in the dock as he went on trial accused of corruption and influence peddling for allegedly trying to bribe a judge for information, notes a report in The Guardian. His ...
'Know about your clients money', law firms told
Law firms should know exactly where their clients’ money came from if they want to be effective fighters against money laundering, Britain’s regulator said, stressing that solicitors should ask questions about client wealth before facilitating any transaction. Mark Boyle, policy ...
State law to protect judges’ personal information
New Jersey Governor Phil Murphy has signed a Bill that protects the home addresses and telephone numbers of judges, prosecutors, and law enforcement officers from public disclosure, according to a Jurist report. The Bill amends the Open Public Records Act ...
China seeks to restrict 'monopolistic' Internet firms
Judgment reserved in PPE corruption case
* The Special Tribunal sitting in the Gauteng High Court (Johannesburg) has reserved judgment in the matter between the Special Investigating Unit (SIU) and a number of Gauteng-based contractors who benefited from a tender involving the supply of PPE and services ...
Prosecutor fired over bribe solicitation allegations
* Eastern Cape prosecutor Ncedo Moyeni, arrested for allegedly taking a R3 000 bribe from a drunk driver he was meant to prosecute in King William’s Town, has been fired by the NPA. An internal disciplinary hearing found him guilty of ...