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<p>Chapter 9 institutions are an integral part of democracy and economic growth. This has not been the case for South Africa’s Chapter 9 institutions as the pressure mounts on cases of corruption and mismanagement .With The South African Public Protector recently been riddled in scandal and tribulations as she takes on Minister Pravin Gordhan and the IEC coming under fire during elections, the integrity of these institutions need to be redeemed. David Lewis, Executive Director at Corruption Watch joins CNBC Africa for more.</p>


Public Protector lacks requisite understanding of the law and constitution – Corruption Watch

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<p>The latest Corruption Watch 2018 report has revealed that corruption has eroded the pillars of South African democracy.</p>


Gauteng records the most cases of corruption in 2018 – report

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<p>Corruption Watch, a civil society group, has applied to the high court to prevent former Eskom board directors from holding a directorship position on a private company. Corruption watch plan to have the members declared delinquent directors. Joining CNBC Africa for more is David Lewis, Executive Director of Corruption Watch.</p>


Corruption Watch wants former Eskom board members declared delinquent

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<p>Net1 has been ordered to refund South Africa&#8217;s social services agency R317 million as the court ruled the money was paid to them unlawfully. The amount includes interest. The case was brought to the courts by Corruption Watch.</p>


Corruption Watch reacts to ConCourt ruling on NET1

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<p>The new President will face quite a challenge to root out corruption in the South African government, David Lewis, Executive Director, Corruption Watch, told CNBC Africa’s Chris Bishop.</p>


No easy task ahead to root out corruption – Corruption Watch

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<p>Gupta cash flows are being investigated by the Federal Bureau of Investigation. These flows are said to relate to multi-million-rand contracts the Guptas allegedly secured for Transnet suppliers. According to the Financial Times, the FBI is looking into funds being moved between South Africa, Dubai and the United States. Joining CNBC Africa for more on this is David Lewis, Executive Director of Corruption Watch.</p>


FBI investigating the Guptas’ financial transactions

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<p>Corruption Watch has asked the US Justice Department to probe McKinsey&#8217;s role in alleged corruption at Eskom due to the failure by South Africa&#8217;s law enforcement authorities to probe state capture and corruption.</p>


Corruption Watch asks US Justice Dept. to probe McKinsey

<p>CAPE TOWN, April 24 (Reuters) &#8211; A global group that monitors money laundering worldwide has expressed concern that a bill to fight the crime in South Africa faces &#8220;significant ongoing delays&#8221; and warned the country&#8217;s banks risked being exposed to illicit money flows that could hurt investor sentiment.</p>
<p>David Lewis, executive secretary at the Paris-based Financial Action Task Force (FATF), said on Monday that South Africa also risked being struck off its membership if it failed to pass the law in time for FATF&#8217;s next meeting in June.</p>
<p>Lewis told Reuters that South Africa could be sending the wrong signal worldwide on &#8220;the financial sector about the risks of business relationships involving South Africa.&#8221;</p>
<p>In 2009, a FATF team recommended specific actions for South Africa after identifying a number of deficiencies. They included a lack of enforceable obligations for financial institutions to identify politically exposed persons.</p>
<p>&#8220;Effective action to mitigate the risk of corruption by politically exposed persons, as set out by the FATF Standards, is extremely important, particularly in the context of Africa, where corruption has been recognised as a problem,&#8221; said Lewis.</p>
<p>The Financial Intelligence Centre Amendment (FICA) bill, which is required for local banks to remain part of the international banking system, has still not been signed into law, although it was first passed by the country&#8217;s 400-member national assembly in May 2016.</p>
<p>Last year, President Jacob Zuma sent it back to parliament over concern about its constitutionality and its allowing searches without having a court-approved warrant.</p>
<p>Lawmakers voted for it across party lines and sent it back to Zuma for ratification in February, practically unchanged from when parliament first sent it to the president.</p>
<p>&#8220;Time is running out. And now we are actually saying one of the most effectual sectors in society, the financial sector, we want to weaken it and it doesn&#8217;t make sense,&#8221; said Cas Coovadia, managing director at the Banking Association of South Africa.</p>
<p>Zuma has been lobbied by the Black Business Council not to sign the bill, citing that it is unconstitutional.</p>
<p>A presidency spokesman said they would call back after checking with legal officers on reasons for the delay and when Zuma was expected to sign.</p>
<p>The bill is meant to bolster the fight against global financial crime by making it easier to identify ultimate owners of companies and accounts &#8211; including those of &#8220;domestic prominent influential persons&#8221; such as cabinet ministers. (Reporting by Wendell Roelf; Editing by James Macharia, Larry King)</p>
<p>© Thomson Reuters 2017 All rights reserved</p>


David Lewis

Public Protector lacks requisite understanding of the law and constitution – Corruption Watch

Gauteng records the most cases of corruption in 2018 – report

Corruption Watch wants former Eskom board members declared delinquent

Corruption Watch reacts to ConCourt ruling on NET1

No easy task ahead to root out corruption – Corruption Watch

FBI investigating the Guptas’ financial transactions

Corruption Watch asks US Justice Dept. to probe McKinsey

SA is heading for a crisis worse than junk status if President Zuma delays signing the FICA Bill, this is why

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David Lewis

Public Protector lacks requisite understanding of the law and constitution – Corruption Watch

Gauteng records the most cases of corruption in 2018 – report

Corruption Watch wants former Eskom board members declared delinquent

Corruption Watch reacts to ConCourt ruling on NET1

No easy task ahead to root out corruption – Corruption Watch

FBI investigating the Guptas’ financial transactions

Corruption Watch asks US Justice Dept. to probe McKinsey

SA is heading for a crisis worse than junk status if President Zuma delays signing the FICA Bill, this is why

News Tips

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