South Africa’s Lost Billions – Imagine What Could Have Been Done With The Money…

What could have been done with the hundreds of billions of Rands that have been lost in in South Africa over the past few years in “fruitless and wasteful expenditure?”
From payments for mammogram services to a hospital that does not even have a mammogram machine to payouts to dead people, the list of financial farces that litter our government departments seems endless.
Not to mention the money sacrificed to blatant corruption.
 

How The Mighty Have Fallen - Greed, Need and the Catastrophic Collapse of MTI

Having been involved in the extensive investigation into the recent financial collapse of Mirror Trading International (MTI) on behalf of the Financial Sector Conduct Authority (FSCA), I find myself asking one very puzzling question:
Why do people fall for these scams in the first place?
There are hundreds of articles online and in the media cautioning people about MTI and the dangers of pyramid schemes.
Yet, still people fall for scams. 

Will Cryptocurrencies Ever Be Something You Can Bank On?

What do rich guys talk about when they get together for a chat?
Amazon founder Jeff Bezos once asked Warren Buffet, America’s most prolific and successful investor, this question:
“You’re one of the richest guys in the world, and your investment thesis is so simple – why doesn’t everyone just copy you?”
To which Buffet replied, “Because no one wants to get rich slow.”
 
 

Is The Political Party Funding Act Some Kind of April Fool’s Joke

The Political Party Funding Act comes into effect on 1 April 2021. It will supposedly regulate the public and private funding of political parties.
The presidency says the act “will have far-reaching consequences for good governance and ethical political activity.
What is the point of bringing in new laws - no matter how well-intentioned - if government officials see no reason to abide by the laws we already have.
 

Tying the Tourniquet: Can We Stop The South African Health Sector Bleeding to Death

Corruption in the healthcare sector in South Africa is not new.
Between 2009 and 2012/13, just over R8 billion in health expenditure by the combined provincial departments was classified as unauthorised, while R24 billion was deemed “irregular.”
In 2017/18, health departments accounted for 57% of unpaid bills by government.