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12 May 2021 Corruption & Governance Watch


This time for Africa (Part 2)

First the good news: Confederation of African Football (CAF) president Patrice Motsepe this week announced that his foundation would donate $10m to a Fifa-CAF Pan-African School Football Championship in order to promote youth football across the continent. It marks the ... Read More

South Africa

ANC (finally) walks the walk

Embattled ANC secretary-general Ace Magashule has been suspended by the party. In a letter, drafted 3 May, deputy secretary-general Jessie Duarte informed Magashule that he was temporarily suspended ‘until the final outcome of your court proceedings’. Magashule is out on ... Read More

MEC defends ‘irregular’ partnership

Free State Finance MEC Gadija Brown has declined the provincial Education Department’s request to condone the R500m spent in an ‘irregular’ partnership with the Kagiso Trust (KT) and the Kagiso Shanduka Trust (KST) through a deviation, instead of going for ... Read More

Mantashe associate linked in powership corruption

The multibillion-rand tender for the supply of emergency power was rigged by top bureaucrats and associates of Mineral Resources & Energy Minister Gwede Mantashe, a losing bidder has claimed in court papers, reports amaBhungane. He alleged that they offered him ... Read More

Policy Watch

Hearings imminent on three finance Bills

In anticipation of parliamentary hearings, written submissions are sought on the 2020 Financial Sector Laws Amendment Bill, Pension Funds Amendment Bill and Fiscal Responsibility Bill. Policy Watch reports that the Financial Sector Laws Amendment Bill seeks to establish a framework ... Read More

FSCA clarifies pension fund rules issue

Policy Watch reports that the Financial Sector Conduct Authority has set 31 July as the date by which it intends finalising the process of endorsing amendments to pension fund rules made with the aim of providing relief to ‘employers and ... Read More

Net asset value calculation guidelines issued

Best practice guidelines on collective investment scheme net asset value calculation and pricing have been issued to assist stakeholders in applying a conduct standard in force since November 2020. Policy Watch reports that they focus on 2002 Collective Investment Schemes ... Read More


'Simulated' bailout revisited

Following a proclamation by former President Thabo Mbeki, the SIU in 1999 found that the SA Reserve Bank's R1.5bn bailout of the Bankorp Group and Absa Bank was a ‘simulated transaction’ – a gift disguised as a loan ... Read More

How ANC leverages state coffers – report

Leveraging state coffers to fund and keep the ANC in power is deeply ingrained in the governing party’s political DNA, according to what the Daily Maverick describes as ‘an explosive report to the Zondo Commission’. In a detailed examination of ... Read More

Why Majola shared the spoils

Businessman Thulani Majola gave generously to the ANC and to EFF leader Julius Malema. This even-handedness might help explain the hoard of government contracts Majola’s LTE Consulting accumulated over the years, whose value can be measured in the billions of ... Read More

Rest of Africa

Commission wades through land and boundary disputes

The Zimbabwe Lands Commission (ZLC) says it is handling more than 1 000 disputes involving farm allocations and boundaries. It admits that the fast-track land reform programme has created headaches for the government. The statutory body established under Section 296 ... Read More

Tensions over unstable Zimbabwean dollar

Zimbabwe’s cash-strapped government is facing the fury of its workers who continue to demand to be paid in US dollars as the local currency continues to lose value on the popular parallel market. At the official Reserve Bank of Zimbabwe ... Read More

Calls to review Zimbabwe tobacco distribution model

There are growing fears that earnings from tobacco, which remains Zimbabwe’s second single largest foreign currency earner after gold, might be falling because most of the contracts are sponsored by offshore funds. As a result, most of the proceeds remain ... Read More


Nigerian money laundering trails flagged

An associate fellow of Chatham House says the UK’s education and real estate sectors provide opportunities for Politically Exposed Persons (PEPs) in Nigeria to launder money. Matthew Page presented a paper (Illicit Financial Flows through the Real Estate and Education ... Read More

Major Danish fraud case dismissed in English court

A mammoth tax fraud case involving more than 100 defendants and 18 solicitors’ firms has fallen at the first hurdle after a judge ruled that Denmark is not entitled to enforce its own tax laws through an English court. According to ... Read More


Fraudster jailed

* A former Oudtshoorn municipality official has been sentenced to an effective four years in prison in the Oudtshoorn Regional Court after he was convicted of R1.9m fraud. The Hawks' Serious Commercial Crime Investigation team in George revealed that, between ... Read More

Ex-Bosasa officials in court

* Two former Bosasa officials have appeared in court for attempting to bribe a Department of Correctional Services official. Former Bosasa fleet manager Frans Vorster and former accountant Carlos Bonafacio appeared briefly in the Pretoria Specialised Crime Court on a charge ... Read More

Two get bail for alleged Covid campaign fraud

* A 48-year-old company director and a municipal official have been granted bail of R20 000 following their arrest for allegedly defrauding the OR Tambo Municipality in the Eastern Cape of more than R4.8m. The Special Tribunal declared the Covid-19 ... Read More

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