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17 August 2022 Corruption & Governance Watch

Focus


Key details emerge as Phala Phala probe gains steam

President Cyril Ramaphosa is under renewed pressure to come clean on the 2020 Phala Phala farm robbery as opposition political parties turn up the heat, a parliamentary panel headed by former justices of the Constitutional Court to look at the ... Read More

South Africa


Damning Standard Bank ruling sent to ombud, LPC

In a home repossession case before the KZN High Court, Standard Bank was at the receiving end of a damning judgment handed down on 4 August, when it was found to have made false allegations against a couple who stood ... Read More

Magashule loses ConCourt bid to overturn suspension

The Constitutional Court has dismissed Ace Magashule's application to appeal his suspension as the ANC's secretary-general, reports TimesLIVE. In a short judgment, the apex court said Magashule had no prospects of successfully appealing his suspension. This is yet ... Read More

FSCA sanctions trustees over ‘improper’ practices

The Financial Sector Conduct Authority (FSCA) has imposed administrative penalties on several members of the board of trustees of Private Security Sector Provident Fund (PSSPF) for a string of suspect actions ranging from improper procurement practices to remunerating themselves for ... Read More

Policy Watch


SAPS' R1.5bn spend flagged

Massive spending of more than R1.5bn on accommodation, entertainment and catering by the SAPS has called into question the application of spending policies for government departments, reports Policy Watch. Police Minister Bheki Cele, replying to a parliamentary question, said ... Read More

Analysis


Other states must follow UK's Bain sanction

Like the US and European governments, the UK has moved at a snail-like pace to confront global corporate complicity over SA’s state capture decade, writes Lord Peter Hain in a Business Day analysis. Hain, a former British anti-apartheid leader and ... Read More

Rest of Africa


Malawi accuses US company of owing billions in taxes

US company Columbia Gem House has denied accusations from Malawi that it owes more than $300bn in unpaid taxes on minerals extracted in the country, reports Fin24. In a letter dated 26 July, Malawi's Attorney-General Thabo Nyirenda accused the ... Read More

Lotto agent arrested for allegedly siphoning R1.3m

A Ghanaian Lotto agent who allegedly forged lotto booklets to siphon around R1.3m belonging to Rand Lotto Company has appeared before an Accra Circuit Court, reports IoL. Emmanuel Mbir pleaded not guilty to a charge of stealing. The prosecution ... Read More

World


PWC fined £1.75m by audit watchdog

PricewaterhouseCoopers was fined by the UK’s audit watchdog over failings in a 2017 audit of BT Group, which was hit by a huge fraud at its Italian unit, reports TimesLIVE. The Financial Reporting Council also handed partner Richard Hughes a ... Read More

‘Crypto-mixer’ sanctioned for money laundering

The US has placed sanctions on Tornado Cash, a leading ‘crypto mixer’ for transactions in virtual currency that officials describe as a hub for laundering stolen funds, including by North Korean hackers, reports Fin24. The Treasury said Tornado Cash had ... Read More

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