Panama Papers: Is it about confidentiality or illegal transactions?

The infamous Panama Papers have fingered various politicians and business people in money laundering and tax evasion following a leak from Panama-based law firm, Mossack Fonseca.

Over 11 million documents mentioning people with close links to presidents David Cameron, Vladimir Putin and Jacob Zuma has sparked international outrage.

702/Cape Talk's Redi Tlhabi speaks to Amanda Potgieter from African Network of Centres for Investigative Reporting on understanding the people named in the Panama Papers.

It's taken more than 400 journalists more than a year just to work through what's been released right now.

Amanda Potgieter, African Network of Centres for Investigative Reporting

We haven't worked through half of what we want to investigate...There isn't necessarily criminal element in some of the dealings.

Amanda Potgieter, African Network of Centres for Investigative Reporting

The law firm claims to have been operating for 40 years without criminal charges being brought against them for their financial services.

The head of judges in Botswana having links to these offshore companies and not declaring it means one his shareholders could appear in his court and nobody wold challenge that he not the case through.

Amanda Potgieter, African Network of Centres for Invesigative Reporting

They say that they have done their due diligence on all their clients and have not done anything that is illegal or illicit in their dealings.

Amanda Potgieter, African Network of Centres for Investigative Reporting

It is not illegal to have an offshore account as long as you declare it in the country you're in. South African law requires that you declare the money you have offshore and you pay the tax on that.

Amanda Potgieter, African Network of Centres for Investigative Reporting

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Local bee farming company Native Nosi creating a buzz with raw honey

Local bee farming company Native Nosi creating a buzz with raw honey

Native Nosi owner Mokgadi Mabela says over 50% of honey sold in SA is imported and she wants to change the business landscape.

How do we ensure the safety of women in South Africa?

How do we ensure the safety of women in South Africa?

Women's Legal Centre and POWA discuss ways to ensuring the legal system stops failing women of South Africa.

Visual activists use work to highlight realities of women, LGBTI communities

Visual activists use work to highlight realities of women, LGBTI communities

Acclaimed photographer Zanele Muholi and curator Lerato Dumse discuss to exhibitions of work and the power of visual activism.

Why you should be an organ donor

Why you should be an organ donor

The Organ Donor Foundation gives a compelling argument why every one of us should register to be organ donors.

Are diplomats and politicans above the law?

Are diplomats and politicans above the law?

Listeners weigh in on whether Grace Mugabe is deserving of diplomatic immunity after allegedly assaulting a South African woman.

'The soft reset' - How to fix South Africa's current crisis

'The soft reset' - How to fix South Africa's current crisis

Activist Vishwas Satgar talks to Stephen Grootes about South Africa's current crisis and provides insights on how to resolve it.

Popular articles
Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

EWN understands that lawyers representing the Zimbabwean first lady are negotiating with officers at the Sandton police station.

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

Gabriella Engels says she is saddened by people who are calling her names on Twitter before they understand the full story.

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

About 40 minibus taxis, in a convoy at a very low speed, are transporting Imizamo Yethu residents into CT for a planned protest.

Words you’ll hear: Grace Mugabe's latest nickname

Words you’ll hear: Grace Mugabe's latest nickname

Find out why Zimbabwe's First Lady should be dubbed with the moniker 'extension cord'.

Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).

Ocean Basket gives franchise owner the chop after assault video

Ocean Basket gives franchise owner the chop after assault video

The man was immediately divested of his shares and is no longer part of the group, explains Ocean Basket CEO Grace Harding.

WATCH: Cape schoolkids 'starstruck' after Trevor Noah,  Charlize Theron drop by

WATCH: Cape schoolkids 'starstruck' after Trevor Noah, Charlize Theron drop by

Oaklands High principal Reza Patel says it was an extremely exciting experience for both the learners and staff. We can imagine!

CoCT explains new electricity tariffs

CoCT explains new electricity tariffs

Following residents concerns over new electricity tariffs and properties being re-evaluated, Johan van der Merwe provides clarity.