Focus
SIU unveils multimillion rand Sita irregularities
The State Information and Technology Agency (Sita) was lambasted in Parliament this week after the SIU tore apart irregularities in an IBM contract awarded during the state capture years and found 22 staffers who hadn't disclosed relevant business interests ...
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South Africa
Godongwana caves under pressure to scrap VAT hike
Finance Minister Enoch Godongwana has finally caved to widespread pressure, canning the planned 0.5 percentage point hike in VAT. National Treasury announced the decision in a statement issued just after midnight, saying the minister ‘will shortly introduce the Rates ...
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SAA seeks equity partner in new turnaround plan
SAA has submitted a five-year, two-phase turnaround plan to the government that a Business Day report says could see it going to the market for a R2.25bn investment facility and seeking a strategic equity partner. According to the restructuring plan ...
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Treasury to help teetering Ithala get banking licence
National Treasury is willing to help KZN's Ithala, which is registered as a mutual bank allowed to take deposits, to get a full banking licence, Finance Minister Enoch Godongwana has indicated. However, he cautioned that he cannot override the ...
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Mantashe issues empowerment rules for oil, gas explorers
SARS' bid to appeal R5.1bn RAF decision denied
Lottery case 'moot' as minister promises bid announcement
IDT CEO’s R22m splurge questioned
Police commissioner embroiled in R360m tender debacle
Amsa claims carbon tax will debilitate business
Contractor investigated over unfinished Emalahleni stadium
Mobile operators voice support for satellite regulations
SABS investigated after allegations of corruption
Damning report ignored as cadre takes top job
Absa's auditing error leads to defamation claim
CIO suspended amid alleged financial misconduct
Outa uncovers corruption in roadworthy inspection industry
RAF CEO allegedly skipped procedures in R79m deal
Sassa investigating claims about social grant vulnerabilities
SANParks' chaotic, inconsistent ICT tender scrapped
KZN ANC to investigate claims of film studio sabotage
Regulator fines African Bank for misleading the public
Mokonyane alleged to have bankrolled government fixer
Outa accuses NPA of sidelining trust fund theft
DA urges probe into Gauteng Social Development spending
Nelson Mandela Bay flood repair contracts unlawful – lawyer
McKenzie takes credit for wellness project funding probe
Analysis
Keeping SA’s car industry buoyant amid tariff tsunami
The automotive industry is responsible for 60% of the country’s manufactured goods exports and is the single largest domestic manufacturing sector and it was already facing challenges from increased competition, imports and weak domestic demand, Busi Mavuso, CEO of Business Leadership South ...
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Rest of Africa
Tanzania expedites hearing for case against Motsepe
A Tanzanian court has agreed to expedite a $195m hearing regarding a lawsuit against Patrice Motsepe and his related companies, Fin24 reports. US group Pula maintains that Motsepe and African Rainbow Capital breached a non-compete contract when they invested in ...
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Africa targeted by Asia’s expanding scam syndicates
Asian crime syndicates behind the multibillion-dollar cyberscam industry are expanding into regions including Africa as raids in Southeast Asia fail to contain their activities, the UN said in a report. The cybercrime groups are increasingly establishing operations in Africa, including ...
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Kenya to start issuing commercial bank licences again
New commercial banks will once again be able to establish their presence in Kenya starting 1 July, following a decision by the Central Bank of Kenya (CBK) to lift the moratorium on licensing that has been in place for nearly ...
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Privinvest allowed appeal in tuna bond case
Botswana's tax authority battles smuggling from SA
World
Apple and Meta fined €700m for antitrust violations
The EU has ordered Apple and Meta to pay a combined €700m in the first fines it has issued under recent legislation intended to curb the power of big tech, writes the BBC. The region fined Apple €500m over its ...
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WEF founder now faces financial misconduct probe
The World Economic Forum has started an investigation into whistleblower allegations against its founder Klaus Schwab, who resigned as chair of WEF’s board of trustees with immediate effect at the weekend at an extraordinary meeting, where trustees discussed fresh claims ...
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Former South Korean President indicted for bribery
Prosecutors have indicted former South Korean President Moon Jae-in on charges of bribery related to his former son-in-law's job at an airline, the BBC reports. Prosecutors argue the ex-President’s former son-in-law, identified only by his surname Seo, had little ...
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Walgreens fined up to $350m in opioid settlement
US senator's wife managed husband's bribery campaigns
UK law firm fined after client data hacked
BOOK REVIEW
Corruption in South Africa: A
Corruption in South Africa: A Legal Perspective
Mubangizi, J (Editor) | Print ISBN: 9781485152323
Corruption in South Africa: A Legal Perspective provides a clear, accessible overview of the country’s legal and institutional responses to corruption. Covering international and domestic frameworks, public ...
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