Page 37 - Corruption Watch News Today

For too long, it has been easy to use layers of fake companies to hide illicit funds in the financial system, writes Corruption Watch's Mashudu Masutha, and Open Ownerships' Karabo Rajuili. "So, is Financial Action Task Force's (FATF) new recommendation enough?" 



A Boston consulting firm became a power broker, and then a pariah, in South Africa

President Cyril Ramaphosa on Monday declared a national state of disaster in response to the catastrophic flooding in KwaZulu-Natal.

In this week's Friday Briefing, we focus on why we South Africans have lost our trust in the government.

There are mounting concerns that funds meant to rebuild infrastructure destroyed by recent floods will be misappropriated by corrupt government officials.

Corruption Watch's Karam Signh says he is worried because significant amounts meant to fight the pandemic went to corruption.

Corruption Watch says experience has shown the vulnerability of South Africa's procurement systems to corruption in times of crisis, if one considers the rampant graft during the Covid-19 pandemic.

Making headlines: Load-shedding jumps to Stage 4; Ramaphosa says SA must increase investment in climate adaptation measures; And, Corruption Watch urges transparency around flood relief funds

Stellenbosch University to host discussion about social justice and the water, energy and food nexus; and webinars on climate change.

Corruption Watch executive director Karam Singh on Tuesday called for “absolute transparency” and full disclosure of how R1-billion in flood relief funds are being distributed. The Human Settlements department in KwaZulu-Natal allocated the money to assist 40 000 displaced residents whose homes were damaged in the floods.