‘When the well is dry, we’ll know the worth of water.’ – Benjamin Franklin While SA’s heaving parastatals – particularly Eskom and SAA – continue to dominate the state capture narrative, small mismanaged municipalities across the land are ... Read More
About R60m of SA's Municipal Workers Retirement Fund contributions has been 'lost' following the collapse of Namibia’s SME Bank. The investment is part of some R200m that asset manager JM Busha Investments is said to have invested in several ... Read More
Parts of forensic auditor Trevor White’s final day on the witness stand before the Zondo Commission of Inquiry into State Capture yesterday focused on how charges against top KZN ANC officials Peggy Nkonyane and Mike Mabuyakhulu were dismissed, despite there ... Read More
The financial director of Tiso Blackstar, Sheenagh Grota, has tendered her resignation, the board announced on Monday. A Fin24 report notes that while Grota has been with the company for a decade, according to the board, her appointment as financial ... Read More
A revised summary of ‘the most important sections’ of the 1997 Basic Conditions of Employment Act, as amended, was gazetted yesterday to replace the December 2018 version, notes Pam Saxby for Legalbrief Policy Watch. In terms of section 3 ... Read More
There are numerous people who turned a blind eye or enabled the deterioration and destruction of state institutions, the head of the NPA’s investigative directorate has claimed ‘The challenge we face is that our list of potential accused is very ... Read More
Malawi's anti-graft body yesterday said it had arrested a prominent businessman over allegations he tried to bribe judges hearing a legal challenge to the re-election of President Peter Mutharika. A report on the News24 site notes that the arrest ... Read More
The Tanzanian Government says it is still negotiating with Barrick Gold Corporation over a disputed contract. The Citizen reports that the two parties last year signed a deal to settle a long-running tax dispute with the now defunct Barrick subsidiary ... Read More
Kenya’s sacked Agriculture Cabinet Secretary Mwangi Kiunjuri has been grilled by the Ethics and Anti-Corruption Commission (EACC) in an ongoing investigation into an alleged illegal payment of $17.8m for maize supply. The Standard reports that the funds were withdrawn ... Read More
A human rights firm that successfully defeated the government in a pensions dispute involving more than 200 judges is now advising hundreds of teachers in a similar challenge. According to a Law Gazette report, Leigh Day is representing 300 teachers ... Read More
Pension providers in the UK will be required to review the pay slips and bank statements of members seeking to transfer their money to other schemes under new regulations that are planned to combat fraud. According to an Out-Law.com ... Read More
The Solicitors Regulation Authority (SRA) will seek to end multi-m i l l i o n payouts through the compensation fund as the burden on the profession to prop it up weightens. According to a Law Gazette report, measures were ... Read More
* Western Cape Athletics Association finance officer Allen Barnes appeared in the Cape Town Magistrate's Court on Monday to face fraud charges involving at least R250 000, two weeks after he reportedly went missing. He was granted bail of R5 ... Read More
* Credit ratings agency Moody’s Investors Service has downgraded debt issued by the Land Bank by one notch to Ba1, putting it in junk territory. The Land Bank has been on review for a rating decision since November. Moody’s said the ... Read More
