The first hurdle accountable institutions will face is compiling a list of PEPs.— Francisco Khoza
We are being monitored. There is a limitation on the right to privacy already.— Francisco Khoza
Power tends to corrupt.
The international financial regulatory community refers to individuals in positions of power as “politically exposed persons” (PEPs).
Treasury introduced the Financial Intelligence Centre Bill that proposes amendments to FICA to address the position of PEPs.
It suggests the introduction of the concepts of a “domestic prominent influential person” and a “foreign prominent public official” into FICA.
The Bill defines a “domestic prominent influential person” as an individual who holds, or has held, a prominent public function.
This category of PEPs would include senior government officials, leaders of political parties and individuals who hold prominent positions in the private sector.
The parliamentary process in respect of the Bill is complete, and the Bill has been submitted to President Jacob Zuma for approval.
However, the President has expressed reservations about the Bill's constitutionality.
His objections are based on a concern that the Bill potentially infringes on the rights of PEPs.
Scroll down for more quotes from the audio below.
Globally there’s a recognition that people in positions of power are at high risk of being involved in corruption.— Francisco Khoza
It’s about insuring the integrity of the country’s financial system.— Francisco Khoza
The Money Show’s Bruce Whitfield interviews Discovery Vitality Wellness Head Dr Craig Nossel.
The Money Show’s Bruce Whitfield asks Google South Africa’s Luke Mckend how to make money on YouTube.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Senior Associate Kerri Crawford.
The Money Show’s Bruce Whitfield interviews Isithebe Financial Wellness Founder Sandra Mokhonoana.
The Money Show’s Bruce Whitfield interviews The Foschini Group Chief Information Officer Brent Curry.
Bruce Whitfield interviews the famed Roelf Meyer who (with the Land Bank) is working to promote transformation in agriculture.
This is the perception given by Transport Minister Joe Maswanganyi at a briefing on the quarterly performances of the entities.
An outbreak on a farm in the Free State and another in Mpumalanga have been confirmed.
Stephen Grootes asks Khoza why Busisiwe Mkhwebane was deemed the perfect fit for Public Protector and her views on recent events.
Dr Eve distinguishes between pedophilia, pedophilic disorder and child molesters in an insightful and challenging discussion.
Judith February shares her thoughts on the #SecretBallot ruling and how Zuma is "trite" with real concerns from citizens.
No official date has been set for the roll out of SA's new number plate legislation, but here's what you need to know so long.
Capetonians are pulling out hot water bottles and mittens as a cold front is predicted to make landfall on Thursday morning.