08

New tender regulation Bill to be introduced

Cabinet is expected to soon release a Bill on procurement to regulate the issue of tenders across the state. A Cape Times report says the Public Procurement Bill has been in the making for a while but it is now ...

New tender regulation Bill to be introduced

SA's Cabinet is expected to soon release a Bill on procurement to regulate the issue of tenders across the state. A Cape Times report says the Public Procurement Bill has been in the making for a while but it is ...

How Trillian targeted eSwatini

The Gupta-linked company that targeted SA’s state-owned enterprises used a similar modus operandi to try to cash in on eSwatini’s government projects. Businessperson and former politician Tokyo Sexwale pulled strings to secure a multibillion-rand eSwatini deal for Trillian Capital, a ...

Malaysian ex-PM's stepson linked in web of corruption

The Wolf of Wall Street producer Riza Aziz, who is the stepson of former Malaysian Prime Minister Najib Razak, has been charged with embezzling millions of dollars from the Malaysian Government. A report in The Guardian notes that Riza, who ...

Medical aid members pay for soaring fraud cases

An organisation for medical professionals has made the explosive allegation that SA’s top medical aids are guilty of racial profiling in their efforts to combat medical aid fraud. The Daily Maverick reports that all insurance companies face a high level ...

Ethiopia to open its telecom market

Ethiopia will award two telecoms licences to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. The government will also ...

Warning over DIY divorces

Opting for a so-called ‘online or DIY divorce’ may look cheap, but could cost you dearly in the long run, cautions attorney Simon Dippenaar. ‘We believe that divorce is a serious matter, however amicable, and deserves to be treated with ...

Concerns over Facebook’s Libra currency

From early next year, Facebook intends to let its 2bn users – more than 139m of whom are in Africa – make digital payments through its apps and popular messaging service WhatsApp using a new crypto-currency called Libra. In a ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Parliament seeks answers on irregular funds

Parliament is demanding answers from local government on the R25bn in irregular expenditure in the wake of the Auditor-General’s report, which found that only 18 of the country’s 257 municipalities managed to obtain clean audits, notes a Cape Argus report. ...

How AYO’s share price unravelled

Iqbal Survé’s businesses seem uncomfortably incestuous, given that the Financial Sector Conduct Authority is investigating possible share manipulation at all three of his listed companies. In a Daily Maverick analysis, Dewald van Rensburg notes that on 19 January, a remarkable ...

Scammed investors get their money back

About R368m has been repaid to the investing public in the last two years from various illegal deposit-taking schemes, some of which were pyramid or Ponzi schemes.Unathi Kamlana, head of the policy, statistics and industry support department at the Prudential ...

PP clears Mantashe and Zulu

Public Protector Busisiwe Mkhwebane cleared ANC chairperson and Minerals and Resources Minister Gwede Mantashe as well as Social Development minister Lindiwe Zulu of using their political influence in the awarding of a multi-m i l l i o n rand ...

Momentum on the ropes again

After a year that saw Momentum embroiled in controversy for initially failing to pay a widow out from her slain husband’s policy, it has been rocked by fresh accusations of unethical practices by another customer. Durban resident Suretha Beeputh told ...

Van der Burgh sues

* SA swimming legend and former Olympic champion Cameron van der Burgh is embroiled in legal proceedings against his former girlfriend and her family regarding a financial transaction that went sour. Van der Burgh said in papers before the Gauteng ...

Mogoeng addresses Faku debacle

* Chief Justice Mogoeng Mogoeng has responded to questions on the debacle that led to Buffalo City Municipality Mayor Zukisa Faku being sworn in as a member of the current sixth Parliament. Spokesperson for the judiciary, Nathi Mncube said it ...

Police officer probed over R210m contracts

Military police are investigating whether Major-General Noel Ndhlovu ‘gifted’ his wife, a former SAA cabin attendant, defence contracts worth R210m. A Sunday Times report says the investigation follows a series of online selfies showing Nombasa Ntsondwa-Ndhlovu and her husband flaunting ...

Auditors face threats for reporting dodgy activities

A report by the Institute of Internal Auditors of SA has painted a bleak picture of the safety and security of the country’s internal auditors, with at least 18% claiming they had experienced victimisation and intimidation. The Mercury says the ...

Entrepreneur gets US backing for 'robot lawyer'

A 22-year-old British entrepreneur has secured $4.6m from the early backers of Facebook for a ‘robot lawyer’ app that fights parking tickets, bank fees and unfair charges. According to report in The Daily Telegraph, DoNotPay, which was founded by Joshua ...

In defence of Busisiwe Mkhwebane

There are only two cases that Public Protector Busisiwe Mkhwebane concluded that were overturned by the courts, and as she has appealed both rulings, it is too early to pass judgment, says her acting spokesperson, Oupa Segalwe. He points out ...

Reserve Bank aims to sell African Bank stake

The SA Reserve Bank wants to sell its stake in African Bank in a year or two, moving a step closer to bringing the lender back into private ownership after being rescued from collapse under a wave of unpaid consumer ...

Go-slow committee leaves clouds hanging over Zuma trio

Four of Parliament’s committee chairs have been accused of significant ethical violations over the past three years, but only one investigation into those alleged breaches has been finalised, and there is no certainty when any of the other probes will ...

Reserve Bank aims to sell African Bank stake

The SA Reserve Bank wants to sell its stake in African Bank in a year or two, moving a step closer to bringing the lender back into private ownership after being rescued from collapse under a wave of unpaid consumer ...

Ethiopia to open its telecoms market

Ethiopia will award two telecoms licences to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. The government will also ...

Kieswetter denies 'contract for pal' allegation

New SARS boss Edward Kieswetter has labelled as defamation accusations that he tried to arrange a lucrative contract for a friend and ran the Technology Innovation Agency (TIA), whose board he chairs, as his personal fiefdom. A Sunday Times report ...

Former Algerian police chief detained

Algeria's former police chief Abdelghani Hamel has been detained for the alleged ‘diversion of funds and illicit enrichment’. Hamel, who was fired in June last year, appeared before an investigating magistrate in central Algiers on Friday. A report on the ...

Zimbabwean timber firm sues former CEO

Allied Timbers Zimbabwe is seeking to recover $10m from its former CEO Joseph Kanyekanye which was allegedly lost through hefty discounts to customers, unauthorised allowances and diverting millions of dollars meant for payment of Value Added Tax (VAT) to other ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Timber firm sues former CEO

Allied Timbers Zimbabwe is seeking to recover $10m from its former CEO Joseph Kanyekanye which was allegedly lost through hefty discounts to customers, unauthorised allowances and diverting millions of dollars meant for payment of Value Added Tax (VAT) to other ...

How Trillian targeted eSwatini

The Gupta-linked company that targeted SA’s state-owned enterprises used a similar modus operandi to try to cash in on eSwatini’s Government projects. Businessperson and former politician Tokyo Sexwale pulled strings to secure a multibillion-rand eSwatini deal for Trillian Capital, a ...

Former police chief detained

Algeria's former police chief Abdelghani Hamel has been detained for the alleged ‘diversion of funds and illicit enrichment’. Hamel, who was fired in June last year, appeared before an investigating magistrate in central Algiers on Friday. A report on the ...

Ethiopia to open its telecom market

Ethiopia will award two telecoms licences to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. The government will also ...

Government to open telecoms market

Ethiopia will award two telecoms licences to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. The government will also ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Moroccan police arrest Bitcoin terror suspect

The Moroccan Central Bureau of Judicial Investigation has arrested a Palestinian national suspected of using Bitcoin to fund terrorist organisations. The General Directorate of National Security said the unidentified suspect has acquired considerable experience in electronic currency transactions on several ...

Entrepreneur gets US backing for 'robot lawyer'

A 22-year-old British entrepreneur has secured $4.6m from the early backers of Facebook for a ‘robot lawyer’ app that fights parking tickets, bank fees and unfair charges. According to report in The Daily Telegraph, DoNotPay, which was founded by Joshua ...