In The News South Africa

Sanco calls for an independent probe into multi-million rand North West fraud claims

MAHIKENG, May 19 – The South African National Civic Organisation (Sanco) in the North West has called on the public protector to investigate allegations of fraud related to a multi-million rand payment to a host of companies and patents representing Mvest Trust in which African National Congress spokesman Pule Mabe allegedly has interests. “The investigation […]

In The News South Africa

Sanco welcomes amendment of regulations of commission into state capture

JOHANNESBURG, March 24 – Amendments made by President Cyril Ramaphosa to the Commission of Inquiry into State Capture regulations will unlock critical evidence needed for the successful prosecution of those who have looted state resources, the South African National Civic Organisation (Sanco) said. On Friday, the presidency announced that on the basis of legal advice, […]

Business In The News South Africa

SA civic organisation calls for action against municipalities over VBS Bank investments

JOHANNESBURG, March 12 – The South African National Civic Organisation (SANCO) has called for action against municipalities that invested their finances with the troubled Limpopo-based VBS Mutual Bank. This follows South African Reserve Bank (Sarb) Governor Lesetja Kganyago’s announcement on Sunday that the bank had been placed under curatorship. VBS is facing a liquidity crisis after […]

In The News South Africa

Mineral resources department officials’ dismissal must be probed, says Sanco

JOHANNESBURG, February 18 – The South African National Civic Organisation (Sanco) has called for a full investigation into the circumstances surrounding the dismissal of the mineral resources department’s Mpumalanga regional manager Aubrey Tshivhandekano on Thursday. The official was allegedly fired at the gates of the Koornfontein Colliery‚ owned by the Gupta-linked Tegeta Resources‚ as he […]