Timelines must be set to root out corruption: Hain - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Hain has been at the helm of having international companies investigated amid state capture allegations., has advised that law enforcement agencies should set time frames to root out widespread corruption across the country.

Hain, a former anti-apartheid activist, has been at the helm of having international companies investigated by governments amidSpeaking at the State Capture Commission in Johannesburg, Hain says unraveling corruption allegations and the recouping of funds should not be limited to the Gupta family. “I think there is some urgency in establishing these new bodies. We don’t know if this is continuing at the moment and all the focus has been on the Gupta brothers and former president [Jacob] Zuma but the problem is continuing amongst others. There may be a tendency to say we will deal with the Gupta problem and then we have dealt with the whole thing when it is the largest iceberg in a lake of many icebergs of corrupt practise.

Hain has recommended that what he calls a “senior managers regime” be introduced that would see senior managers taking full responsibility for wrong-doing at companies across South Africa. He’s told the commission that this would help minimize fraud and money laundering in both the public and private sectors.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Theft of taxpayers’ money has cost us roughly R1.5 trillion – HainR29.5 trillion is laundered each year by criminals globally, the House of Lords peer says.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

LIVESTREAM: Lord Peter Hain testifies at state capture inquiryAnti-apartheid activist and British peer, Lord Peter Hain is expected to speak about dodgy corporate ties.
Source: eNCA - 🏆 49. / 51 Read more »

Lord Peter Hain to testify at State Capture Inquiry | IOL NewsStateCaptureInquiry: Hain, who is said to have a history of being an anti-apartheid activist, is likely to testify on the complicity of international companies in the state capture project led by the Gupta family.
Source: IOL - 🏆 46. / 51 Read more »

Peter Hain to tell Zondo commission how global banks enabled state capture under Zuma's watchBritish lawmaker Peter Hain will tell the state capture inquiry on Monday that corruption under former president Jacob Zuma was enabled by international banks, corporations and governments which should now seek to recover the loot they helped launder.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Lord Peter Hain to testify at state capture inquiryAnti-apartheid activist and British peer, Lord Peter Hain is expected to speak about dodgy corporate ties.
Source: eNCA - 🏆 49. / 51 Read more »

UK's Peter Hain to cast blame on global banks in Zuma corruptionZuma, who was removed as president last year over corruption allegations, is facing a judicial inquiry. He has agreed to cooperate even while dismissing the probe as prejudiced.
Source: ewnupdates - 🏆 30. / 53 Read more »