National Treasury
ActionSA Welcomes Tshwane Bid to Blacklist Sodi-Linked Firms
ActionSA has welcomed the City of Tshwane’s formal submission to National Treasury seeking the blacklisting…
SACP Frowns at National Treasury for Taking R28 Billion Loan With World Bank
The South African Communist Party (SACP) has voiced its displeasure regarding the decision by the…
Dead Former Deputy Mayor’s Vehicle Rakes R17 000 in Fuel Cost while Awaiting Roadworthy Test
An internal report tabled before the corruption prone KwaDukuza Local Municipality council has revealed that…
EThekwini Municipality Set to Lose R800 Million in Unspent Transport and Townships Infrastructure Grants
The eThekwini Metro in KwaZulu-Natal, run by a coalition comprising the African National Congress (ANC),…
Matodzi Fingers Ex-Treasury DG In ‘R1m VBS Bribe’
The alleged rot in the numerous failed attempts to keep Limpopo’s notorious banking cartel afloat through the VBS mutual bank has led to the door of South Africa’s National Treasury. Following his 495-year imprisonment sentence (to be served concurrently for 15 years) for a wide-ranging series of charges, including fraud and money laundering, former VBS chairperson Tshifhiwa Matodzi, 46, penned an affidavit in which he implicated various individuals and organizations. These included municipal officials, mayors, ANC heavyweights in Limpopo, SACP…
SA Is Making Progress To Exit The FATF Grey List And Requires Collective Action
While South Africa is making steady progress in its efforts to be removed from the Financial Action Task Force (FATF) grey list, it will require “a significant effort” from all relevant authorities in the country to meet the deadline at the end of January 2025 to address remaining shortcomings identified by FATF, according to the National Treasury. South Africa’s grey listing woes started in 2019, when the global financial crime watchdog FATF red-flagged the country for high levels of corruption. This…