The National Prosecuting Authority (NPA) and the South African Police Service are hard at work repairing their relationship ahead of a planned merger with the Scorpions, NPA acting head Mokotedi Mpshe said on Wednesday. ”We’re focusing primarily on salvaging whatever relations there are,” Mpshe told reporters in Johannesburg.
Investigators at Société Générale believe that rogue trader Jérôme Kerviel was aided by an assistant who processed a large number of his transactions during the fraudulent trading spree that cost the bank â,¬4,9-billion. They suspect the accomplice of registering almost 15% of the fictitious trades used by Kerviel to disguise his suspect positions.
Although the violent nature of crime in South Africa is often highlighted, white-collar crimes are rampant and impact negatively on citizens’ rights. Bribery and corruption were perceived to be the most prevalent crimes, said a South African Human Rights Commission report.
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/ 20 February 2008
South Africa is sitting on gold, platinum and other minerals that are selling at record prices on world markets, yet its economy is, quite literally, underpowered. The rand, the worst performing currency this year, has lost 12% against the dollar in the past month since the country was hit with electricity shortages that kept mines from working.
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/ 18 February 2008
Finance Minister Trevor Manuel’s national budget speech on Wednesday is even more keenly anticipated this year in view of the electricity crisis and its anticipated negative effects on the economy, and Democratic Alliance spokesperson Kobus Marais has urged Manuel to tackle the crisis head-on.
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/ 17 December 2007
Uncertainty over the prosecution of police National Commissioner Jackie Selebi was not in anyone’s best interest, the Democratic Alliance (DA) said. The National Prosecuting Authority’s (NPA) spokesperson Tlali Tlali said on Sunday that a decision had been made on whether Selebi ”has a case to answer”.
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/ 6 December 2007
The South African Police Service (SAPS) was not involved in reviewing the arrest warrant for its National Commissioner, Jackie Selebi, Safety and Security Minister Charles Nqakula said on Thursday. However, he confirmed that the warrant was indeed the subject of review.
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/ 16 October 2007
South Africa has the worst white-collar crime rate in the world, according to a survey released on Tuesday. Companies reported an average of 23 cases of fraud during the past two years, with each organisation losing an average of over R7,4-million in that period, according to the survey.
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/ 12 October 2007
Police National Commissioner Jackie Selebi has pledged his full cooperation with a panel of experts named on Friday to review a criminal probe against him. ”As an individual, I will fully cooperate with the members of the panel as announced … by the NPA [National Prosecuting Authority],” Selebi said in a statement.
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/ 12 October 2007
The names of the panel expected to review the case against police National Commissioner Jackie Selebi were released on Friday. The Acting National Director of Public Prosecutions, advocate Moktedi Mpshe, said the panel would be made up of Frank Dutton, advocate Mbuyiseli Madlanga, Peter Goss and advocate Shamila Batohi.