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When compliance gaps turn into expensive lessons

The latest regulatory action against a major financial institution, resulting in a R28 million administrative penalty for shortcomings under the Financial Intelligence Centre Act (FICA), is a timely reminder that compliance cannot be treated as a once-off exercise. By...

Whistleblowing: A governance responsibility for every organisation

Recent corruption investigations in South Africa have once again highlighted the important role whistleblowers can play in bringing potential wrongdoing to light. While much of the public debate has focused on government and state institutions, the same question...

POPIA compliance gap a business risk as third-party threats gain momentum

South African small and medium-sized enterprises (SMEs) that handle personal information are facing a far more rigorous regulatory environment as the Information Regulator moves from guidance and preparation towards active enforcement of POPIA. Attackers have made...

Why mediation should be on every board’s agenda

Recent court developments have reinforced a clear message for South African boards: mediation is no longer a peripheral legal process but an increasingly important part of effective dispute management. That is the central theme of Mediation as a Mechanism for Dispute...

Why we need accurate B-BBEE certification

The Broad-based Black Economic Empowerment (B-BBEE) commission, founded to investigate and deal with fronting, fraud, and other B-BBEE transgressions, this week commented on the nearly 100 cases that it had received since April this year. Commissioner Zodwa Ntuli has...

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Anti-corruption measures welcomed

It is expected that 2016 will see a change in the way government spends public money – particularly wasteful expenditure as a result of fraud, corruption and mismanagement. Aligned with government’s goal of saving R25 billion per year by 2018/2019, one of the most...

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