On 5 December 2024, McKinsey & Company reached a $122 million settlement with the U.S. Department of Justice (DOJ) to resolve violations of the Foreign Corrupt Practices Act (FCPA) related to bribery payments made in South Africa. Between 2012 and 2016, McKinsey Africa, through its former senior partner Vikas ...
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The Financial Sector Conduct Authority (FSCA) has taken decisive regulatory action against Mr. Ashley Mmachewe Mphaka, imposing an administrative penalty of R2 113 225 and debarment for 20 years. The sanctions follow an investigation into Greyshore Investments (Pty) Ltd and Mphaka's unauthorised financial activities.
The FSCA's investigation revealed ...
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By Lee Rossini
As the year winds down, it’s natural to feel caught up in the build up to Christmas and the new year. But in the midst of this rush, it’s crucial to prioritise rest and meaningful reflection on the past year. Taking time to assess your business’s achievements in 2024 and set intentions for 2025 can provide clarity and direction for the year ahead. This isn’t just a box-ticking exercise; it’s an opportunity to align your actions with your vision, informed by the lessons of the past year.
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