Finance committee warns Treasury over delays regarding Fica amendment

The Standing Committee on Finance has warned that National Treasury will have to take responsibility if the October deadline of amending the Financial Intelligence Centre Act (Fica) is not met. It says National Treasury delayed in submitting the proposed amendments. In June, authorities warned the Committee that South Africa’s anti-money laundering legislative framework is lagging behind…

Contralesa Limpopo chairperson Kgoshi Letsiri Phaahla resigns over ‘political persecution’

Former Chairperson of the Congress of Traditional Leaders of South Africa (Contralesa) in Limpopo, Kgoshi Letsiri Phaahla, says he was politically persecuted by the organisation, for throwing his weight behind ActionSA political party in June. He says some Contralesa members, who are African National Congress (ANC) members, were not happy when he joined ActionSA and…