Managers of Wealth Africa

Massive visa fraud uncovered in South Africa: minister

This only pushed the department to dig deeper, he said.

Judiciary to link 67 courts to national fibre optic hub

The CJ added that the Judiciary has since embraced e-government and is now banking on technology to facilitate the provision of e-justice and improve the efficiency of its administrative processes.

Hogan Lovells advises Persistent in $10M equity round to grow climate venture building in Africa

This is Persistent’s third capital raise since its founding.

More trouble for Flutterwave after Kenyan Court freezes fintech’s bank accounts

The ARA believes that the accounts may have been used as conduits for money laundering in the guise of providing merchant services.

Zondo says banking laws must change to allow clients to be heard before shutting accounts

The Supreme Court of Appeal (SCA) previously ruled that banks were not obliged to hear the client's side, since the two shared a contractual relationship.

High Court yet again sets aside adverse findings by the B-BBEE Commission

Sasol Oil based its review application on the provisions of the Promotion of Administrative Justice Act, 2000 (“PAJA”), alternatively on the principle of legality.

Ex-NBK boss loses Sh1bn fraud suit against CMA

In the case, Mr Kisire also sought the court to overturn a Sh1 million fine and the ban from holding office in listed companies for three years for cooking of books and Sh1 billion fraud allegations.

Court practice directives cannot override the Superior Courts Act

The Pretoria High Court found that, by virtue of the directive, it ceased to have jurisdiction over matters emanating in areas falling within the Mpumalanga Circuit Court’s jurisdiction.

Pending appeals suspend the execution of court orders

The court also confirmed that the reference to “execution” in this section had a wide meaning.

Beware: Attorneys, financial services providers and estate agents most likely to be on the FIC’s radar

The Financial Intelligence Centre Act, 2001 requires accountable institutions to implement risk management and compliance programmes (“RMCPs”) to mitigate their risks.

£1.9 million of seized funds returned to Nigeria

After today (19 May), the Royal Court granted the Attorney General's application to forfeit the funds.

PwC’s Global Economic Crime and Fraud Survey 2022

Protecting the perimeter: The rise of external fraud

Peter Moyo loses last ditch court bid against Old Mutual

The court found that the board members did not defy Judge Brian Mashile's order when they blocked Moyo from returning to his office.

Norton Rose Fulbright South Africa welcomes three new associates

Rebone Motau joined us in April from Gildenhuys Malatji Inc.

Generali Faces New Test As Bitter Battle For Control Nears Climax

Sanctions can be used to apply pressure on a target country to enforce compliance with certain objectives, and to enforce measures where diplomatic efforts have failed.

Conflict of interest: do employees need to disclose their side businesses to their employer?

The employer’s business in this matter was the production and sale of a range of meat products.

South Africa anti-corruption charter ‘first step’ towards meaningful change

For these groups, the implication is that the signing would be a social contract and symbolic stand against corruption, as opposed to being of direct legal effect.

Prescription begins to run once there is a reasonable suspicion of negligence by the auditors

Between 2007 to 2013, WK Construction suffered a loss of approximately ZAR80-million as a result of one of its erstwhile directors effecting fraudulent transactions.

The case for deferred prosecution agreements in South Africa

The resolution of corruption also serves a greater societal good and can ensure that wrongdoers do not remain in positions where they can cause further harm.

Racist banks stealing from the poor, claims financial investigator

Van Zyl said after Saambou Bank collapsed, FNB bought their low-cost housing book, and that was when the discrimination started.

Legal