While several listed and private businesses in South Africa make a great value proposition for investors looking to enter the South African market, the Competition Commission could put on ice some of the planned mergers and acquisitions if they lead to market dominance.
Over 170 legal practitioners have been struck off the roll and barred from practising in the past three years for acts of misconduct, some of which are linked to Road Accident Fund (RAF) claims.
Over 100 law firms, including sheriffs, are being investigated for looting R340m in state funds by submitting duplicate payments from claims to the Road Accident Fund.
Finance minister Enoch Godongwana believes it was necessary for his department to stop conditional grant payouts to underspending municipalities this financial year to “safeguard the funds against possible misuse”.
Relatives of seven Mopani district municipal employees received tenders from council, contracts worth R11m were granted without bidding while over R85m was lost through irregular expenditure.