Former Northern Cape ANC chairperson John Block, who is currently serving a 15-year sentence for corruption, is facing new charges in connection with R51 million tender fraud.
Under the Financial Advisory and Intermediary Services (FAIS) Act, the South African Reserve Bank (SARB) has publicly said that crypto assets are financial assets. This is a big step toward regulation. The choice was made after SARB’s first warning about the volatile nature of the crypto asset market.
The public may be outraged, but the Ministerial Handbook allows ministers and their deputies to spend taxpayersâ money with impunity, writes Leon Schreiber.
The department of sport, arts and culture has come under criticism after awarding an R18 million tender to another company to re-pilot a project that had already been piloted for almost R15 million.
While Minister of Electricity Kgosientsho Ramokgopa now has officially delegated powers, they are not quite what they seem. As always, the devil is in the detail.