The unholy dismantling of good governance
The revocation of the Exchange Control Act has resulted in the Money Laundering Act being highly devalued as no action can be taken against even the largest of significant laundering of money involving foreign exchange since the predicate offenses list for action based on the Money Laundering Act will no longer have the violation of the Exchange Control Act as an offense. This dire warning was issued by public interest activists concerned on a variety of matters as to the direction in which this country is headed. An industrialist noted that the country is headed south.
This government arrived via a band wagon of promises to reintroduce accountability, transparency, a level playing field and equal opportunities for all on top of the huge undertaking to resolve the ‘ethnic’ issue and loo...
