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19 March 2024 Corruption & Governance Watch

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 ... Read More

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 ... Read More

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 ... Read More

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 ... Read More

Analysis


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 ... Read More

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 ... Read More

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 ... Read More

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 ... Read More

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 ... Read More

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