Corruption

 

Nothing Seems Sacred Anymore As R1bn Drought Relief Fund Joins Captured List – Herbst

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Nothing Seems Sacred Anymore As R1bn Drought Relief Fund Joins Captured List – HerbstIn yet another timely contribution, Ed Herbst once again highlights the depths of theft everyday taxpaying South Africans are having to fund. No stone is left unturned, and as Herbst puts it, if that stone isn’t bolted down…it’s stolen. Making mention of..
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DA lays treason charge against Zuma, Gupta Inc. and many more !!

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The Democratic Alliance has laid charges against Jacob Zuma, three Gupta brothers and eight others of treason, racketeering and corruption. DA leader Mmusi Maimane said on Tuesday that the party has accused those allegedly implicated in state capture of violating the Prevention of Combatting of Corrupt Activities Act and the Prevention of Organised Crime Act…
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New Arms Deal allegations – Zuma just want to enrich himself !!

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Jacob Zuma allegedly received hundreds of thousands of rand, as well as expensive gifts from the Thales Group, as part of a 1997 arms deal, according to court papers. The new High Court filing – containing an affidavit from Ajay Sooklal, a lawyer in Pretoria – has been submitted. Sooklal claims he was a confidant..
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Banks slapped with fines for weak anti-money laundering controls.

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Several local and international banks have been slapped with administrative fines by the South African Reserve Bank, for weak anti-money laundering and combating of financing terrorism controls. The banks include: Investec, Absa, Standard Chartered, as well as Habib Overseas Bank. Overall, banks were fined a total of R46.5-million. Absa was fined R10-million for weaknesses related..
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12 000 ‘dead people’ doing business with SA government – Treasury

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It has also identified about 14,000 state employees who are listed as directors of companies that have been awarded state contracts in violation of regulations. South Africa’s National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. This is among the outcomes of a clean-up of..
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Just a question – Should the broadcasting Act be amended ??

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The South African Broadcasting Corporation’s recent proposal to amend the Broadcasting Act (1999) is, in principle, correct. But the manner in which the SABC wants the Act changed is helpful to the SABC and to marketing its case to the public. The Act, specifically the regulations regarding television licence fees, prescribes payment of a fee..
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It is OK to abuse tax money as long as you beat a ‘deadline’ when a new law comes into effect

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Public officials who abused taxpayers’ money to get themselves government tenders amounting to R48 million are legally off the hook. More than 200 state employees, who were reported to management for dodgy dealings, couldn’t be touched because a new law hadn’t come into effect yet. And government can’t do anything about it, according to Eugene..
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WEF ditched democratic, inclusive pretences by facilitating new G20 privatisation.

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Durban’s World Economic Forum (WEF) Africa conference hosted some of the world’s most controversial politicians last week: not just Jacob Zuma and Malusi Gigaba, Robert Mugabe, Yoweri Museveni, King Mswati and Edgar Lungu, but also the most powerful man in Europe, German finance minister Wolfgang Schäuble. At a lecture on Thursday at the University of..
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Pension funds as much as R560 million may be lost due to fraudulent activities

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BEE administrator loses millions of pension funds – Pension funds of Anglo Platinum, invested in the (BBF), administered by Bophelo Benefit Services, a subsidiary of Mvumonala Holdings, may be lost due to fraudulent activities. It is estimated that as much as R560 million can be involved. Apparently, the company ‘cooked’ its 2016 financial statements to..
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Red HOT news – Wake up! SA has been gutted

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What is left of the South Africa of our dreams? Ask the thief-in-chief What do we have left now? Once there were the Scorpions, a respected crime-fighting unit. The people had faith in them. The corrupt feared them. Jacob Zuma quaked when he thought of them. Then in 2007 he took the reins of the..
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