The wording of the law is as follows: 'Any person in a position of authority who knows, or reasonably ought to have known, or suspects an act of corruption, fraud, theft, extortion or forgery, where the value exceeds R100 000, must report such knowledge or suspicion to the South African Police Service… failure to report carries a potential 10-year jail sentence...'— Steven Powell, ENS Africa
The law doesn’t state a timeframe [by which to report corruption].— Steven Powell, ENS Africa
Democratic Alliance (DA) leader Mmusi Maimane will soon lay charges against President Jacob Zuma.
He will do so in terms of the Prevention and Combating of Corrupt Activities Act.
This act compels those who suspect an offence to report it to the police.
Ray White (in for The Money Show’s Bruce Whitfield) interviewed Steven Powell, Director in Forensics at ENS Africa.
Powell discussed the act, how it works and whether the charge is viable.
Listen to Powell unpack the act in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Small business guru Pavlo Phitidis discusses the techniques, how they work and how to get them right.
Personal finance guru Warren Ingram explains what money market accounts are and the difference between various ETFs.
Bruce Whitfield interviews public speaking superstar Vusi Thembekwayo, who says “Dear 2016: we are glad you are over”.
The Money Show’s Bruce Whitfield interviews Mupita about his life and his exciting (and challenging!) new job at MTN.
What impact will his departure have on South Africa and the ANC? Can we fix the damage — and how do we do that?
The Money Show’s Bruce Whitfield learns more about the views of the outspoken Chair of AngloGold Ashanti.