THE Financial Intelligence Centre Amendment Bill, approved by the Cabinet and by Parliament, should be signed into law so that banks can scrutinise prominent public figures, including government ministers, to curb corruption, says Economic Development Minister Ebrahim Patel. Patel, who was addressing the South African Clothing and Textile Workers’ Union national conference on Thursday, is the first Cabinet minister to speak out on the delays in assenting to the law. President Jacob Zuma has not signed the bill into law because of an objection, apparently over its constitutionality, raised by the Progressive Professionals Forum led by Mzwanele Manyi. Patel said that if the political leadership failed to deal with the current"national drift" and with corruption, it would lose the "moral authority" to guide the country through the challenges it faced. He suggested to regain this moral authority, lifestyle audits should be conducted on ministers and public figures to ensure the cars the...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.