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Will SA implement new corporate governance reforms by March 2025 due to VBS scandal?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official government announcements or legislative records
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Former Treasury Director General Dondo Mogajane Resigns, Denies Bribery Allegations Related to VBS Bank Collapse
Nov 4, 2024, 02:08 PM
Dondo Mogajane, the former Director General of South Africa's National Treasury, has resigned from all his corporate positions amid allegations of accepting a bribe related to the collapse of VBS bank. Mogajane has denied any wrongdoing, labeling the allegations as baseless. His resignation comes as part of a broader scrutiny of corporate governance and accountability in South Africa. The specific nature of the allegations against him remains unspecified.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Peter Pham convicted • 25%
Andrew Do's daughter convicted • 25%
Both convicted • 25%
Neither convicted • 25%
Stricter auditing standards • 25%
Increased penalties for auditors • 25%
Mandatory auditor rotation • 25%
Other • 25%
SAB 121 is rescinded • 25%
SAB 121 is modified • 25%
SAB 121 remains unchanged • 25%
Other • 25%
