Afri Risk Management

15/09/2017

Scorpio & amaBhungane: How McKinsey and Trillian ripped R1.6bn from Eskom – and planned to take R7.8bn more

It is now well-established that global consultants McKinsey and their local Gupta-linked counterpart Trillian extracted R1.6-billion in fees for “turnaround” advice given to Eskom. In this investigation, the first in a series, we delve into an explosive report that says Eskom ignored warnings that t...

12/09/2017

Future South Africa (FutureSA) has welcomed the decision by the board of the Institute of Directors in Southern Africa (IoDSA) to suspend all co-branded activities with auditing firm KPMG. “The decision will see IoDSA temporarily suspend activities involving KPMG’s sponsorship of its golf day and KPMG’s involvement in the Audit Committee Forum, pending further investigation. The investigation will be conducted by the Independent Regulatory Board for Auditors,” said FutureSA in a statement on Saturday. [ 361 more words ]

Future South Africa (FutureSA) has welcomed the decision by the board of the Institute of Directors in Southern Africa (IoDSA) to suspend all co-branded activities with auditing firm KPMG. “The decision will see IoDSA temporarily suspend activities involving KPMG’s sponsorship of its golf day and KP...

08/08/2017

Members of Parliament will be voting on a motion of no confidence in the president in secret. Will President Zuma be voted out or is this a ploy by the ANC to consolidate party leadership?

01/08/2017

We have fallen and should no longer be wondering about the process of the fall but instead about how we arrest the descent and how best to reclaim the exercise of public power so that it actually serves the interests the Republic.

01/08/2017

The story of the R30-million pension bonanza granted to Eskom’s former CEO Brian Molefe is one of greed and mismanagement. Last week Scorpio revealed how officials lied, schemed and defrauded the public in order to allow Molefe a pension calculated as if he had ten years' service at Eskom and worked...

31/07/2017

This is a struggle for what is right. A fight that will have to be led by good women and men, people who don’t hold public office or seek the limelight.

31/07/2017

31/07/2017

Eskom chief financial officer Anoj Singh has been suspended, finally. Now he must be held criminally accountable. By GREG NICOLSON.

28/07/2017

The DA is to lay charges of money laundering and corruption against the South African component of global software giant, SAP, and Gupta-affiliated company CAD House, following allegations that kickbacks changed hands between the two companies in exchange for a R100m Transnet contract...

28/07/2017

Corruption has its own motivations, and one has to thoroughly study that phenomenon and eliminate the foundations that allow corruption to exist.- Eduard Shevardnadze

28/07/2017

Former Barclays chief executive John Varley appeared in a London court on Monday over fraud accusations, the first time a boss of a global bank has faced charges arising from the 2008 financial crisis...