Tag South Africa

$7bn Corruption Probes Ongoing in South Africa’s SOEs

SOUTH Africa is currently investigating alleged corruption amounting to over $7bn at several major state-owned enterprises, according to a report released on Tuesday by the Special Investigative Unit (SIU), the country’s national anti-graft body. These investigations, some of which have…

South Africa Deports 95 Libyans Linked To illegal Military Camp

  SOUTH Africa has deported 95 Libyan nationals who were arrested last month at a suspected illegal military training camp in Mpumalanga province. The deportations took place on Sunday following a police investigation that revealed the Libyans were involved in activities that…

South African Bank Scandal Leader Sentenced To 15 years

TSHIFHIWA Matodzi, the key figure behind the $130 million VBS Mutual Bank scandal that rocked South Africa, has been sentenced to 15 years in prison. Matodzi, the former chairperson of VBS Mutual Bank, pled guilty to 33 charges, including corruption, theft, fraud,…

South Africa’s Unity Government Now Has Five Parties

THE African National Congress (ANC) announced on Monday that South Africa’s new government now includes five political parties, representing more than two-thirds of the seats in the National Assembly. Ongoing discussions aim to bring more parties into the coalition. Following…