corruption Archives - Page 9 of 12

South African court rejects Mapisa-Nqakula’s bid to stop arrest

The High Court in Pretoria has dismissed South Africa’s former speaker of Parliament Nosiviwe Mapisa-Nqakula's attempt to stop her arrest. Justice Sulet Potterill said if the court were to grant Mapisa-Nqakula's application, all suspects would make such an appointment to prevent their arrest. Potterill ruled that the court could not declare an arrest unlawful before it happened. The Judge also struck the application from the roll and ordered her to […]

2 April, 2024

Africa

Kenya’s greylisting for weak action on money laundering and terrorism financing: what that means and what must happen next

By Louis de Koker, La Trobe University Kenya and Namibia are the latest African countries to be placed on the Financial Action Task Force’s grey list over their weak measures against money laundering and terrorism financing. Being on the grey list is typically seen as an indictment of a country’s ability to identify and effectively redress financial crimes. It warns investors to be cautious in dealings with […]

26 March, 2024

South Africa

SAP to Pay 500-Million-Rand Settlement to SIU Over Corrupt Eskom Contracts

German software giant SAP has agreed to pay the Special Investigating Unit 500 million rand within seven days concerning corrupt contracts at Eskom. The SIU states that the settlement arises from two Eskom contracts, valued at around 1.1 billion rand, awarded to SAP between 2013 and 2016. The Special Tribunal has declared the contracts constitutionally invalid, following an investigation that revealed they were entered into illegally. The SIU emphasizes that […]

26 March, 2024

Namibia

Expert Emphasizes Transparency as Key in State-Owned Enterprises

Independent business researcher Josef Sheehama has underscored the paramount significance of transparency in state-owned enterprises, commonly referred to as parastatals. Addressing the matter, Sheehama pointed out the clear connection between the absence of transparency and the widespread occurrence of corruption within these organizations.

26 March, 2024

Business / Economics

EXCLUSIVE INTERVIEW: Independent Business and Economics Researcher Josef Kefas Sheehama Advocates for Parastatal Transparency

In a recent statement, Josef Sheehama emphasized the critical importance of transparency within state-owned enterprises, also known as parastatals. Speaking on the issue, Sheehama highlighted the direct correlation between the lack of transparency and the prevalence of corruption within these entities. Sheehama asserted that without adequate transparency and accountability measures in place, corruption becomes an enticing prospect for individuals seeking personal enrichment at the expense of public resources. He underscored […]

26 March, 2024

South Africa

SA Speaker takes special leave following corruption allegations

Speaker of South Africa’s National Assembly, Nosiviwe Mapisa-Nqakula, says that “given the seriousness of allegations [made against her] and the attendant extensive media speculation, [she] has decided to take special leave [from her role]”. News24 reports that the move comes after heavy backlash following the National Prosecuting Authority's Investigating Directorate's raid at her Johannesburg home, linked to a probe into alleged corruption during her time as defence minister.

22 March, 2024

Namibia

Businesswoman Tania Hangula Agrees to Repay Portion of Funds from Defunct SME Bank as Activist Rinaani Musutua weighs in

Businesswoman Tania Hangula has agreed to reimburse N$4 million of the N$6.6 million she received from the now-defunct Small and Medium Enterprises Bank. Between 2015 and 2019, Hangula utilized these funds for various purposes, including purchasing a beach property, a Mercedes-Benz, and financing trips to Dubai and other countries. Activist Rinaani Musutua weighs in.

18 March, 2024

Namibia

President Mbumba Open to Testifying in Fishrot Trial if Court Requests

President Nangolo Mbumba stated that he would be willing to testify in the Fishrot fraud and corruption trial if summoned by the court. His response came during a parliamentary session when Popular Democratic Movement leader McHenry Venaani inquired whether Mbumba, as a former Swapo secretary general, would be willing to provide testimony in the trial.

15 March, 2024

Africa

Corrupt, brutal and unprofessional? Africa-wide survey of police finds diverging patterns

By Matthias Krönke, University of Cape Town and Thomas Isbell, University of Cape Town Africans generally have a low regard for the quality of policing on the continent. Perceptions of police misconduct, corruption and brutality are widespread, according to a new survey by Afrobarometer. The independent research network surveyed 39 countries between 2021 and 2023. Our survey offers new evidence of how Africans experience and assess their […]

14 March, 2024