Issue 1382 - 9 June 2020

HEADLINES IN THIS ISSUE

  • Nedbank, Rand Merchant Bank join 28 banks charged with rand manipulation
  • Hawks investigate fake letter produced by Sisulu adviser
  • [TEI OPINION PIECE] As a rule, I follow the rules – but what happens when the rules don’t make sense?
  • Nine senior cops implicated in tender fraud scandal
  • Former West Rand municipal manager acquitted of fraud charges
  • And more...

Nedbank, Rand Merchant Bank join 28 banks charged with rand manipulation

South Africa’s antitrust authorities have charged 28 international and local banks which now include Nedbank and Rand Merchant Bank for manipulating the rand exchange rate. The Competition Commission filed its new charge sheet against the banks with the Competition in line with an earlier ruling, it said on Tuesday. Fin 24- 2 June 2020 - Click here

Hawks investigate fake letter produced by Sisulu adviser

The Hawks are investigating how human settlements, water and sanitation minister Lindiwe Sisulu’s adviser, Mphumzi Mdekazi, obtained an apparently fake letter, complete with a Hawks letterhead and “clerk of the court” stamp, that cleared him from being the subject of any investigations by the unit. Times Live - 6 June 2020 - Click here

[TEI OPINION PIECE] As a rule, I follow the rules – but what happens when the rules don’t make sense?

Following rules out of habit should in theory be a positive thing. According to Aristotle, moral virtues are principles that will lead us to living a more fulfilled, flourishing life. We learn these virtues by being educated into them through various societal forces, such as our family and our formal education. Initially, living according to the virtues does not come naturally to us. But as we are taught the virtues, and continue practising them, we start to follow them habitually. And we end up finding pleasure in living these virtues, because we know that they will lead to us living a better life. Daily Maverick - 3 June 2020 -Click here

Nine senior cops implicated in tender fraud scandal 

Fifteen suspects, including eight policemen, a retired lieutenant-general and six citizens, allegedly linked to a police tender fraud scandal were arrested in a pre-dawn raid at their Durban, Cape Town and Johannesburg homes yesterday. The arrests came after an intensive three-year investigation by the Special Anti-Corruption Task Team, headed by Brigadier Tony Perumal. Independent Online- 5 June 2020-Click here

Former West Rand municipal manager acquitted of fraud charges

Former West Rand municipal manager Thupi Mokhatla says he is relieved and happy to have been finally acquitted of fraud charges five years after he was arrested. Mokhatla was acquitted on all counts of fraud at the Commercial Court in Palmridge last month.Sowetan Live - 3 June 2020 - Click here

Samsung leader in court over new charges

The parliamentary oversight committee on local authorities' accounts-LAAC attributed fraud and abuse of public funds in the councils to inconsistency by the central government in disbursing development grants, bureaucracies in paying off contractors and poor harmonization of the EPICOR accounting system. Business Day - 8 June 2020 -Click here

Mnangagwa's son and bodyguard at the centre of Zim's PPE scandal

A Covid-19 supplies corruption scandal has erupted in Zimbabwe, placing President Emmerson Mnangagwa's bodyguard and his son at the centre of graft allegations. Zimbabwe's coronavirus numbers have spiked to 172 cases with most infections being returnees from South Africa. Independent Online - 2 June2020 -Click here

Scientists Create Prototype That Generates Electricity From Shadows

The SEG uses the contrast between darkness and light to produce electricity. It's made up of a series of thin strips of gold film on a silicon wafer, placed on top of a flexible plastic base. Science Alert - 7 June 2020 -Click here