The Supreme Court of Appeal in South Africa recently considered the concept of claims for reflective losses in South Africa, focusing on whether shareholders could hold directors liable, in terms of the Companies Act, 71 of 2008, for conduct which resulte
Governor Bala Mohammed, while making his remarks said there are about “100 doctors who are not working or may not be in the State but are being paid every month. Surrendering this fight is equal to mortgaging the future of our State.”
The charges are based on allegations they tried to bribe an ACC officer in January by offering him N$250 000 in an attempt to get him to hand evidence seized by the ACC – bank cards issued to Hatuikulipi and a co-accused in the Fishrot case, Pius Mw
The MER highlighted that although there had been significant reforms since the last evaluation a decade ago, shortcomings were observed relating to technical compliance, and a low level of effectiveness was achieved.
Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, had his bank accounts frozen on suspicions of money laundering.
Mr Sostenah Ogero Taracha lost Sh18 million. EACC was investigating his wife- Dr Salome Munubi, who worked with National Land Commission (NLC) when it stumbled on the cash and he failed to satisfactorily explain how he made the money.
The private shareholders through acquired shares, in terms of the South African Reserve Bank Act, have some role to play in the governance of the South African Reserve Bank, including the election of the directors, and receive dividends from the bank&