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30 November 2021 Corruption & Governance Watch

Focus


Gupta's dogged bid for SA passport as NPA stalls

As Deputy Chief Justice Raymond Zondo prepares to hand over the State Capture report to President Cyril Ramaphosa, there is still no tangible sign that the Guptas, believed to be the kingpins behind the capture of SA’s state enterprises, will be facing ... Read More

South Africa


Robust arguments in Zuma medical parole case

An argument that the application seeking to have Jacob Zuma’s medical parole withdrawn and the former President returned to jail to serve out his time for contempt of court has become moot – given that by now he would be ... Read More

Absa axes Pityana over 'derelict performance'

Absa yesterday axed Sipho Pityana from its board of directors after he refused to resign, but Pityana says he will fight back in court. A Business Times report says, Pityana, who joined the board in May 2019, will cease to ... Read More

Saica struggles to finalise Markus Jooste disciplinary

The SA Institute of Chartered Accountants (Saica) is facing ongoing delays in its finalisation of former Steinhoff CEO Markus Jooste's disciplinary process, reports Fin24. Having no power to subpoena people to testify or even force their co-operation is one ... Read More

Policy Watch


FSCA withdraws pension standards proposal

The Financial Sector Conduct Authority has withdrawn its proposals for a standard on pension fund investments in hedge funds. According to a recent communication, Regulation 28(3) under the 1956 Pension Funds Act (asset spreading requirements and limits) offers sufficient ... Read More

IRBA wants new search and seizure rules

The Independent Regulatory Board for Auditors has called for input on draft replacement disciplinary rules, reports Pam Saxby for Policy Watch. They include a comprehensive section on search and seizure, which is in keeping with provisions in the recently commenced ... Read More

Analysis


Dithering Ramaphosa afflicted by 'avoidance syndrome'

More than a year after the ANC NEC revealed it had given an urgent instruction to Cabinet to establish an independent, permanent and stand-alone anti-corruption entity, there is absolutely no evidence in the public domain that the presidency has paid ... Read More

Rest of Africa


Fishrot suspects want seized assets released

Former Fisheries & Marine Resources Minister Bernhard Esau, his son-in-law Tamson Hatuikulipi, and co-accused Ricardo Gustavo say they urgently need funds to pay their lawyers. The three men who have been charged in connection with the Fishrot graft scandal, are ... Read More

DRC allegedly laundered money through SA

The largest leak yet of financial documents in Africa has revealed that former DRC President Joseph Kabila’s relatives and associates used at least $2.4m of allegedly laundered money to purchase properties in Johannesburg. The leak has revealed that a ... Read More

Businessman takes government to court over 'seized' land

Zimbabwean businessman and Zanu-PF lawmaker Philip Chiyangwa has taken the government to the High Court for allegedly seizing his land which was intended for the construction of the Museum of African Liberation in Warren Park, Harare. He alleges that President ... Read More

World


Separate laws needed to curb illegal digital lending

A working group constituted by the Reserve Bank of India (RBI) last week recommended separate legislation to prevent illegal digital lending, a nodal agency for verification, and a self-regulatory organisation for participants in the sector, reports The Jurist. The group ... Read More

Report flags deficiencies in anti-money laundering efforts

About 12% of the professionals supervised by anti-money laundering authorities in the UK are ‘at risk’, according to the latest annual report of supervisory activity published by HM Treasury. The report concludes that efforts should continue to address 'significant deficiencies ... Read More

Chinese companies fined for violating competition laws

The Chinese State Administration for Market Regulation has fined several Chinese Big Tech companies for failing to adhere to competition law regulations, reports The Jurist. The companies listed are fined up to 500 000 yuan (R1 202.83), the maximum ... Read More

Briefs


Trio charged with corruption, extortion and kidnapping

* A former police officer, a former Water Board CEO, and a well-known businessman have appeared in court on charges of kidnapping, extortion and corruption. They were arrested after an incident in November last year, when former acting CEO of the ... Read More

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