Accountability still lacking as corruption persists in South Africa
South Africa’s score on the global Corruption Perceptions Index remains at a decade-low, reflecting persistent governance failures.
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Ramaphosa calls on private sector to end appointments of Bain and McKinsey
The Presidency is not happy with McKinsey’s appointment as a supporting partner to the B20 or Bain’s running the Energy Council’s project management office.
State capture: McKinsey reaches settlement agreements with US, SA authorities
McKinsey Africa has agreed to pay $123 million in a deferred prosecution agreement with the US Department of Justice for its role in a bribery scheme involving Eskom and Transnet.
State takes action against ex-SAA audit chair for irregular tender
Yakhe Kwinana has appeared in court charged with fraud for failing to disclose conflicts of interest in an SAA auditing tender.
‘State capture transactions’: Nedbank to pursue counterclaims
Transnet and the SIU institute legal proceedings against Nedbank to set aside interest rate swaps that occurred when the SOE was advised by Regiments Capital.
Nedbank will defend itself in legal action related to ACSA transactions
The bank also says it closed the accounts of some 190 clients in 2023 following ‘reviews of client activity and related reputational risks’.
South Africa’s corruption crisis: lowest score yet on global perceptions index
The country’s latest score on the Corruption Perceptions Index is lower than it was during the administration of former president Jacob Zuma.
