Grey-list exit raises the bar for supplier due diligence, says CIPS
CIPS points to tighter scrutiny, stronger due diligence requirements, and a growing focus on beneficial ownership as South Africa enters its next FATF review.
procurement
Bonitas transition proceeds as administrators outline plans amid legal uncertainty
Sanlam and Momentum outline how they are managing workforce, operations, and risk as the Bonitas transition proceeds despite an unresolved court challenge.
Transformation Fund moves into B-BBEE scorecards as draft codes signal policy shift
Draft amendments to the B-BBEE Codes introduce the government’s proposed Transformation Fund into the compliance framework, reshaping enterprise development, procurement incentives, and scorecard calculations.
Tensions rise as Bonitas and Medscheme clash ahead of court showdown
Bonitas, Medscheme, and PHA trade accusations as court papers, whistleblower claims, and a CMS probe intensify the battle over medical scheme contracts.
RAF drops audit fight as investigation into R1bn media contracts heats up
The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.
SIU denies leaking report implicating RAF CEO in R79m lease deal
While the SIU distances itself from the leak, unanswered questions remain about why a lease allegedly approved by Treasury and audited without findings is now under scrutiny.
Rising CV fraud: how data aggregation platforms safeguard businesses amidst escalating threats
In the battle against fraud, Sameer Kumandan, managing director of SearchWorks, a data aggregation platform, underscores the pivotal role of robust Know Your Customer (KYC) and Know Your Business (KYB) checks.
Tribunal’s ruling highlights a principal officer’s reporting obligations
The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.
FST ruling has ‘far-reaching implications’ for trustees, principal officers, says FSCA
The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
Asisa releases report on transformation scorecards of life offices and asset managers
Life offices and asset managers represented by the Association for Savings and Investment South Africa (Asisa) have collectively made progress towards achieving the transformation targets set by the amended Financial Sector Code (FSC), […]
Auditors’ regulator explains R11m irregular expenditure
An internal investigation by the Independent Regulatory Board for Auditors (Irba) uncovered irregular expenditure of almost R11 million, which arose from the regulator’s difficulty in complying with the procurement process when sourcing investigative […]
