19 May 2021 | This is the repository of the sources cited in the 25th instalment of Unaccountable, VTB Capital- The Russian Bank that took Mozambique for a ride.
The link between corruption and lived experience is nowhere more obvious than the erosion of passenger train services in South Africa. Prasa’s service has declined so dramatically over the past decade that the majority of working-class South Africans who once relied on the affordable service have had to turn to more expensive modes of…
This is the repository for all the documents cited in the 23nd and 24th profiles of the Unaccountable series focussing on the corruption at state owned enterprise, PRASA. Corruption has a direct impact on the lives of people in South Africa. The link between corruption and lived experience is nowhere more obvious than the…
Unaccountable 00022 | 31 March 2021 | Where is the Transnet loot and why hasn’t it been recovered? Given the government’s recently announced austerity measures targeting social spending, this question demands an urgent answer. Why have institutions such as Transnet thus far largely failed to fully recover funds looted during the State Capture era? The…
Bain & Company is one of several powerful multinational corporations at the centre of corruption and State Capture in South Africa. Bain enabled the wrecking of the South African Revenue Service, contributing to economic hardship for all South Africans. Placing profit over principle, Bain remains unaccountable and continues to dodge responsibility for serious economic crimes.…
Daily Maverick | Sasha Planting | 16 February 2021 | With SA’s Independent Regulatory Board for Auditors (Irba) in a full-blown governance crisis and the Auditing Profession Amendment Bill still wending its way through Parliament, two of the firms involved in SA’s gigantic accounting scandals are attempting to make right for past failings. On Monday,…
This is the repository for all the documents cited in the 21st profile of the Unaccountable series: Bain & Co.- The ‘KGB of consulting’ Bain and Company (Bain) is one of several powerful multinational corporations at the centre of corruption and state capture in South Africa. Bain enabled the wrecking of the South African Revenue…
Mozambique has been battered by devastating cyclones and an armed insurgency. The backdrop to this is a state battling State Capture. This involves a coterie of corrupt politicians. However, at the centre of one of Africa’s biggest corruption scandals is a Swiss banking behemoth – Credit Suisse. In 2016, 14 donors and the International…
It has often appeared that the desire of the regulatory board for auditors to protect its members overshadows its responsibility to inform the public about dodgy auditors The “Big Four” audit firms – Deloitte, EY, KPMG and PwC – are regularly implicated in audit failures at both listed private companies and public entities. These failures…
The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and state capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry is thus essential. In July, Open Secrets released the latest Corporations…
