Page 93 - State Capture News Today

This is the third in a series on Integrated Capital Management and its directors, who enabled and benefited from State Capture at Transnet.

South Africa has put new laws in place to address the Financial Action Task Force’s (FATF) concerns, and those relating to beneficial ownership will have a significant impact on financial institutions and companies. In February 2023, the FATF placed South Africa on the “greylist” of countries which are under increased monitoring. South Africa was placed on the greylist as the FATF identified serious deficiencies in its regulatory systems and the effectiveness of its anti-money ...

On 24 February 2023, Jason Brickhill delivered Equal Education’s inaugural Yoliswa Dwane Memorial Lecture at the University of Cape Town. In 2008, Yoliswa Dwane was a co-founder of Equal Education, the social movement dedicated to fighting to ensure the constitutional right to basic education....

In democratic South Africa, poor governance, State Capture and corruption have added to the legacy of disparity. Moreover, continued economic decline and the inability to create jobs in the economy have left many residents unable to pay for services. 

Parliament’s existing committees on public enterprises and energy are sufficient to oversee how Eskom deals with corruption — and ex-CEO André de Ruyter’s ‘childish’, ‘untested’ and ‘unsubstantiated’ claims can’t be the basis for a special ad hoc committee, said ANC legislators. Parliament’s ex...

At the height of Transnet corruption, a central figure played a critical role in helping the Guptas loot the state-owned ports and freight railway agency.

Through the State Capture Report and the stories of whistle-blowers like Mzukisi Makatse and Sello Qhina, we know that such individuals systematically received backlash in the form of malicious disciplinary hearings, side-lining and threats.

Professor Raymond Suttner unpacks his column 'Irremediable crisis? Pervading pessimism without remedies in place'. He writes, "For some years much of South African society has voiced or has appeared to be consumed by hopelessness and demoralisation. There is a sense that what was gained in achieving democracy in 1990-1994 has been gutted by corruption, State Capture, destruction of state enterprises and other key institutions and infrastructure. A range of other ills spread over a...

Where former DG of the SSA Arthur Fraser – and the agency – fitted into Busisiwe Mkhwebane’s tenure as Public Protector will be a key aspect of the inquiry.

For some years much of South African society has voiced or has appeared to be consumed by hopelessness and demoralisation. There is a sense that what was gained in achieving democracy in 1990-1994 has been gutted by corruption, State Capture, destruction of state enterprises and other key institutions and infrastructure. A range of other ills spread over almost all institutions impact, albeit unevenly, seriously on all sections of society. Demoralisation extends beyond looking at what no longer ...