EDITORIAL: So little and so late from SARS
The suspension of second-in-command Jonas Makwakwa is an essential first step — but there’s a big question mark over his boss Tom Moyane
AT THE weekend, the Sunday Times reported on R1.2m of unusual cash deposits by SA Revenue Services (SARS) second-in-command Jonas Makwakwa, which had been picked up by the banks.Banks are required to report any unusual and suspicious transactions, especially those involving people in positions of power, to the Financial Intelligence Centre authorities, in case such transactions involve money laundering or other criminal activities.(These are the same "know-your-customer" rules we’ve heard a lot of lately, given the row about the politically connected Guptas).Makwakwa, who as executive for individual and corporate taxes and for information technology is in charge of a material chunk of SARS’ activities, has allegedly been making and receiving deposits in hard cash into his personal bank accounts, and those of his girlfriend, over a period of time.It might not attract interest if he were running a cash business, but he is a salaried employee, so this kind of thing tends to raise red f...
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