Focus
SARS' plan to rake in R190bn in unpaid taxes
SARS, owed a whopping R190bn, continues to play a delicate balancing act in encouraging voluntary tax compliance, while continuing to clamp down on transgressors in its efforts to boost revenue collection and simultaneously rebuild public trust. SARS' annual performance plan ...
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South Africa
Ombudsmen recover R400m for consumers
The Ombudsmen for long-term and short-term insurance recovered almost R400m benefits and payouts for consumers who were forced to turn to it to fight insurers to pay their claims, reports Fin24. Between Covid-19 business interruption claims and the delayed payment ...
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Reserve Bank mulls digital rand for cross-border payments
A digital rand in SA could cut the high cost of cross-border payments for banks but its introduction is still a few years away, reports Moneyweb. However, regulation of crypto assets is in the offing and might come into force ...
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Dudu Myeni scored big from Zuma foundation
Former SAA boss Dudu Myeni scored more than R600 000 in less than a year from donations made to the Jacob Zuma Foundation, which has been under her full control for years. Bank statements for Myeni and the foundation, subpoenaed ...
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Settlement in Cape Town stadium collusion case
Limpopo bus company workers lose R300m pension funds
Delays in judges contracts impacted SIU cases
Lifting of Treasury ban raises new concerns
Ubank under curatorship, but still open for business
Company loses R100m in email spoofing
State dismayed by another delay in Zuma case
HRC case against banks to be heard today
Couple conned due to TransUnion breach
Moyo loses Old Mutual legal battle
Corruption fight lacks co-ordination, conference hears
Westville Prison probes death of fugitive banker
Gupta company loses restraint order challenge
Probe into ‘unaccounted’ R5bn skills fund
'Fake' lawyer's company to be liquidated
Blue lights case to stay on the roll
Retired judge disappointed Scorpions disbanded
Mabuyakhulu's application dismissed
Company seeks SCA appeal in SIU dispute
Former lawyer convicted for over R1m theft
SIU completes several lottery investigations
Assessor finds no wrongdoing by suspended VC
Trial date for advocate’s R5m bribery case
Policy Watch
Lamola promises focus on NPA
Justice & Correctional Services Minister Ronald Lamola has assured Parliament that his department would, in this financial year, continue to focus on restoring the NPA's credibility through addressing corruption. Introducing his budget vote to the National Assembly, he said ...
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Analysis
Why the cryptocurrency bubble burst
While 2022 has been tough for most asset classes, cryptocurrencies have had a particularly dreadful run, writes Natale Labia of private equity firm Lionhead Capital Partners in a Daily Maverick analysis. Labia notes that bitcoin, the standard bearer and best-known ...
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Rest of Africa
Nigeria's Treasury head arrested for alleged R3.19bn fraud
The head of Nigeria's treasury has been arrested for alleged involvement in fraud and money laundering worth R3.19bn, the national anti-graft agency said. Ahmed Idris, Nigeria's Accountant-General, was arrested on Monday ‘after failing to honour invitations’ to ...
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Lawyers ordered to stop dispensing stashed cash
Mtetwa and Nyambirai Legal Practitioners have been ordered by the Zimbabwe High Court to stop disbursing US$57 000 in cash that was found in one of their strong rooms during an investigation into a trust funds theft case involving ...
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Uganda's ID card system flawed
Millions of Ugandans, represented by an alliance of charities, are suing the government, claiming they have been denied access to potentially life-saving services due to flaws in the national ID card roll-out. A report on the allAfrica site notes that ...
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World
Japanese man disappears with town’s Covid money
A man in Japan who received Covid-19 relief payments meant for 463 households in his town last month disappeared after transferring the funds out of his bank account, reports Business Insider. The 24-year-old man had $35 857 worth of financial ...
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Reward offered for ‘cryptoqueen’ fugitive
The founder of the OneCoin cryptocurrency was placed on the European law enforcement agency’s most wanted list for her role in multi-billion dollar fraud, reports Moneyweb. Ruja Ignatova, known as the so-called cryptoqueen, ‘is suspected of having prompted investors worldwide ...
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Briefs
Former DA official claims party funds abused
* Former DA Johannesburg Ward 23 branch chairperson, Jaques van Rensburg, claims he is being blackmailed by party leaders after he tried to blow the whistle on the alleged abuse of party funds. Van Rensburg approached the DA's Federal Legal ...
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NSFAS thief can appeal sentence
* Convicted NSFAS funds thief Sibongile Mani has been denied leave to appeal her conviction relating to the R14m accidentally credited to her in 2017. The East London Magistrate's Court, however, has granted her a leave to appeal her five-year ...
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Murder accused also charged with corruption
* One of the people linked to the killing of two ANC councillors has pending corruption charges at the Mogalakwena municipality in Limpopo. Deputy corporate manager Jabulani Mashamaite (48) is charged with 121 counts of corruption, including money laundering and conspiracy ...
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Case Law Briefs
Imobrite v DTL (Winding up of close-corporation)
SCA: Imobrite (Pty) Ltd v DTL Boerdery CC Judgment: 13 May 2022 Keywords: Winding-up of close corporation – Close Corporation Act 69 of 1984(CCA), ss 66, 69 – Companies Act 61 of 1973, s 344 Summary: A loan of R2 750 000 ...
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Pillay and FSCA and Sanlam (Debarment reconsideration)
Financial Services Tribunal: Pillay and FSCA and Sanlam Life Insurance Ltd Judgment: 12 May 2022 Keywords: Reconsideration application – Debarment of financial services representative – Financial Advisory and Intermediary Services Act 37 of 2002, ss 8A, 14 – Financial Sector Regulation Act ...
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