African crypto exchanges rush to distance from FTX

As we previously reported in the immediate aftermath of FTX's multi-jurisdictional bankruptcy filings here, its corporate fallout affected not only Bahamian and U.S. entities, but allegedly also many crypto-related companies on the African continent. Further detailed and often shocking (and as of recently even prurient) news about the fraudulent ponzi exchange have by now reached … Continue reading African crypto exchanges rush to distance from FTX

A new anti-corruption enforcer on the South African horizon?

RSA Minister of Justice gives insights into developments surrounding new agency By Nicola Taljaard On 13 October 2022, South African Minister of Justice, Ronald Lamola, provided a brief update on the developing discussion in relation to the establishment of a multidisciplinary agency dedicated to fighting corruption. The talks among the Department of Justice and the … Continue reading A new anti-corruption enforcer on the South African horizon?

Greyed-Out by FATF: Consequences and opportunities of potential grey-listing

Is the Republic of South Africa on the watchdog's grey-list chopping block? By Jemma Muller and Tyla Lee Coertzen The risk of South Africa being placed on the Financial Action Task Force’s (“FATF”) so-called “grey list” has been the subject of much debate and speculation, as well as a focal point for South African law … Continue reading Greyed-Out by FATF: Consequences and opportunities of potential grey-listing

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

Recent Gupta Saga Developments: Asset Forfeiture Unit Keeping Up Pressure

By Charl van der Merwe The South African National Prosecuting Authority’s Asset Forfeiture Unit (AFU) recently obtained a preservation order against various individuals and companies linked to the Gupta Family in respect of the controversial ‘Estina Diary Project’ in Vrede, Free State. According to the AFU, the project was established in partnership with a Gupta … Continue reading Recent Gupta Saga Developments: Asset Forfeiture Unit Keeping Up Pressure

ANATOMY OF CORRUPTION

By Peter O'Brien Cases of corruption are so common that you need a good excuse to write about another one. So how do we justify commenting on the South African scandals involving the Gupta family, at least one of the country’ most significant state-owned enterprises (SOE), a slew of well-known international firms, prominent local law … Continue reading ANATOMY OF CORRUPTION

Public protector role to be filled by Advocate Mkhwebane

Advocate Busisiwe Joyce Mkhwebane was appointed as the new public protector in South Africa -- a very important, albeit often sadly emasculated, role.  Adv. Mkhwebane will be replacing outgoing public protector Thuli Madonsela; her seven-year term officially begins on 15th October 2016. In an informal online survey, Corruption Watch determined that her appointment by President Jacob Zuma was deemed transparent, … Continue reading Public protector role to be filled by Advocate Mkhwebane

Caprikat, Foxwhelp & Aurora: The Tip of Africa’s ‘Panama Papers’ Iceberg?

The X, Y and Zumas of the ‘Panama Papers’ leak By AAT & AAF author, Michael-James Currie. During the week of 04 April 2016, headlines around the world reported on what may turn out to be one of the most significant developments in the fight to combat the use of offshore accounts for purposes of … Continue reading Caprikat, Foxwhelp & Aurora: The Tip of Africa’s ‘Panama Papers’ Iceberg?

Fraud, corruption and the MTN fine

Fraud, corruption and the $5 billion MTN fine By Michael Currie MTN, Africa’s largest mobile network is reeling after a the Nigerian Communications Commission (NCC) fined the company USD $5.2 billion for failing to disconnect approximately 5.1 million customers from unregistered phone cards. The NCC calculated the fine by fining MTN USD $1,001 for each … Continue reading Fraud, corruption and the MTN fine

“Apartheid stole the past, corruption steals our future” – South Africa protests graft

Wake-up call for Zuma government?  Unlikely as ANC battles crises on many fronts On September 30, 2015, several major South African cities saw a significant turnout of the Republic's denizens taking to the streets, protesting rampant perceived corruption in their country: demonstrations took place, inter alia, in Pretoria, Cape Town, Polokwane, and Durban.  They numbered in … Continue reading “Apartheid stole the past, corruption steals our future” – South Africa protests graft