Issue 1367 - 25 February 2020

HEADLINES IN THIS ISSUE

  • Andile Ramaphosa’s secret Bosasa cash and the mystery man who got the lion’s share
  • Hefty sentences for two men who defrauded Sars of millions
  • Zondo hears of mess auditor-general found at SAA in 2016/2017 financial year
  • We live in a toxic society – Adam Habib on the difficulties he faced at Wits
  • [TEI OPINION PIECE] A big, collective focus on ethics is needed to pull SA through
  • And more...

 

Andile Ramaphosa’s secret Bosasa cash and the mystery man who got the lion’s share

Two months before President Cyril Ramaphosa's son Andile Ramaphosa signed a contract with corruption-accused company Bosasa, it was already paying money into a bank account belonging to his company, Blue Crane Capital. News 24 -23 February 2020 - click here 

Hefty sentences for two men who defrauded Sars of millions

Luis Filipe Duarte D’Alemeida Fernandes and Nazmien Warner, who were charged with running a VAT fraud scheme for seven years, were given terms of 17 and 16 years after being convicted on 487 counts, including racketeering, money laundering, fraud and corruption.
Times Live - 21 February 2020 - click here

Zondo hears of mess auditor-general found at SAA in 2016/2017 financial year

The auditor-general of South Africa’s (AGSA’s) audit opinion of South African Airways (SAA) for the 2016/2017 financial year regressed from an unqualified audit opinion with no findings during the financial years running from 2012 to 2016 to a qualified audit opinion with findings on compliance with legislation as well as findings on performance information predetermined objectives.The Citizen  -21 February 2020 - click here 

We live in a toxic society – Adam Habib on the difficulties he faced at Wits

Fraudsters, thieves and shenanigans by detractors, including left-wing and right-wing elements plotting to take him down, are allegedly some of the difficulties outgoing University of the Witwatersrand principal and vice-chancellor Adam Habib had to deal with in the seven years he has been there.
City Press- 24 February 2020 - click here

[TEI OPINION PIECE] A big, collective focus on ethics is needed to pull SA through

The year did not start well for SA. There was load-shedding during the school holidays, despite President Ramaphosa’s promise. Moody’s ratings agency downgraded the Landbank to sub-investment credit grade or junk status. Business Day-19 February 2020- click here

 KZN couple who 'sold' houses jailed in R10.5m fraud case

A KwaZulu-Natal couple who "sold" houses they did not own or have a mandate to market or handle transfers for were sentenced in the Durban Commercial Crimes Court on Friday for fraud amounting to around R10.5m. News 24- 21 February 2020 -click here

Massachusetts lawmaker arrested on corruption charges involving misuse of campaign funds

A Massachusetts state lawmaker was arrested by federal agents early Tuesday on dozens of corruption charges, some of which involve an alleged misuse of campaign funds, the Boston division of the FBI announced.CNN-18 February 2020 - click here

US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal

Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.T he settlement with the Justice Department and Securities and Exchange Commission, years in the making, resolves Wells Fargo's criminal and civil liabilities for the fake-accounts scandal that erupted nearly four years ago.CNN - 18 February 2020 - click here  

Australia's carbon emissions fall just 0.3% as industrial pollution surges

Australia’s greenhouse gas emissions have dipped slightly on the back of new clean energy and a sharp fall from agriculture due to the drought, but the decline was almost entirely wiped out by surging industrial pollution.The Guardian- 24 February  2020 - click here