By Michael-James Currie and Jemma Muller It is well established that the use of cryptocurrency poses significant legal and regulatory challenges with regards to asset recovery. South Africa is no exception, as is evidenced by the recent scams involving Mirror Trading International and Africrypt. Cryptocurrencies are by nature designed to preclude regulatory control. Ownership is … Continue reading Cryptocurrency and Asset Recovery in South Africa
Special Tribunal orders former Transnet Executive to pay back R26.4m in secret profits, more predicted to follow
By Nicola Taljaard and Joshua Eveleigh On 31 of August 2021, Former Transnet Executive Linyenga Herbert Msagala (“Msagala”) was ordered to repay the amount of R26.4 million in ill-gained funds to his former employer after being found guilty of disgorging secret profits whilst managing Transnet Capital Projects. On this day, the Special Tribunal (“Tribunal”) reported … Continue reading Special Tribunal orders former Transnet Executive to pay back R26.4m in secret profits, more predicted to follow
Zambia’s “New Kids” Clean House: Internal Corruption Worse than Previously Feared
New Zambian leadership inherits “empty treasury” After six failed attempts at becoming president, Mr. Hakainde Hichilema finally was sworn in as Zambia’s leader a week ago, representing the United Party for National Development. His new budget for the coming years is expected before month's end, but there are significant roadblocks ahead, partly due to alleged … Continue reading Zambia’s “New Kids” Clean House: Internal Corruption Worse than Previously Feared
South African Constitutional Court Sentences Former President Jacob Zuma to 15 months in Prison Effective Immediately
By Jemma Muller On 29 June 2021, the Constitutional Court of South Africa (“CC”) handed down a precedent setting judgment in which it sentenced the former President of South Africa, Mr Jacob Zuma (“Zuma”) to 15 months imprisonment after finding Zuma guilty of contempt of court which was both “extraordinary and unprecedented in respect of … Continue reading South African Constitutional Court Sentences Former President Jacob Zuma to 15 months in Prison Effective Immediately
UK sanctions Gupta brothers over South African corruption
By Stephany Torres, Esq. The United Kingdom has recently extended their sanctions regime to target not only human rights abusers, but also international corruption under the new Global Anti-Corruption Sanctions Regulations 2021 resulting in the UK announcing in April 2021 that 22 people from six different countries facing various restrictions such as visa bans and … Continue reading UK sanctions Gupta brothers over South African corruption
Africa’s Corrupt Legacy? History Counts — and Understanding It Better Counts Still More
A Review of “European Colonization and the Corruption of Local Elites – The Case of Chiefs in Africa”, by Merima Ali, Odd-Helge Fjeldstad and Abdulaziz B Shifa, “Journal of Economic Behaviour and Organization”, November 2020 By Peter O’Brien Colonization was about generating profits from the territories colonized, and creating methods for channeling those profits to … Continue reading Africa’s Corrupt Legacy? History Counts — and Understanding It Better Counts Still More
Thursday webinar: Calling Out COVID Corruption & Why We Need Whistleblower Regimes
“Calling Out COVID Corruption: Why the pandemic requires robust Whistleblower regimes to combat corruption – lessons from abroad” Primerio Ltd. and Constantine Cannon LLP are pleased to invite you to what promises to be a lively & informative seminar on whistle-blowing, corruption, and lessons learned from the pandemic. REGISTER HERE FOR FREE: https://lnkd.in/dW_FjY8 With Panelists Zanele … Continue reading Thursday webinar: Calling Out COVID Corruption & Why We Need Whistleblower Regimes
South Africa: New Cyber Crimes Legislation
By Michael-James Currie and Camilla Warring The new Cybercrimes Bill (B 6B – 2017) has been the subject of much debate. It has been passed by the National Council of Provinces and now awaits assent by President Ramaphosa. If it passes into law it will create a number of new crimes, including the crime of … Continue reading South Africa: New Cyber Crimes Legislation
Kenya: The Pandemic Response and Management Bill (2020)
By Fidel Mwaki PROPOSED PROTECTIVE MEASURES FOR LOANS AND MORTGAGE DEFAULTERS As a result of Covid-19, the Pandemic Response and Management Bill, 2020 was introduced as a Senate Bill in April 2020 to provide a legal framework for a coordinated response and management of activities and temporary measures and relief during a pandemic. One of … Continue reading Kenya: The Pandemic Response and Management Bill (2020)
Amending Kenya’s Business Law: “Electronic Signatures” (2020)
By Fidel Mwaki The recently enacted Business Laws (Amendment) Act, 2020 has made a key change to Kenya’s business laws by amending the Law of Contract Act to provide a legal basis for electronic signatures to be used when executing contracts. Although electronic signatures are not a new phenomenon and have been in use in … Continue reading Amending Kenya’s Business Law: “Electronic Signatures” (2020)
Anti-Fraud & Corruption Law in Africa 