iiinova — where your digital self keeps evolving

amaBhungane @amabhungane.bsky.social · 18h

The world of “high finance” can be brutal and duplicitous. Court proceedings involving the JSE’s largest brokerage Peresec has provided a rare window into this cut-throat world – and raise questions about market oversight.

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amaBhungane @amabhungane.bsky.social · 23h

Companies at the centre of amaBhungane’s #ScamEmpire investigation are belatedly facing regulatory action.

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amaBhungane @amabhungane.bsky.social · 04/10/2026

[ICYMI] Betway’s parent company has a labyrinthine international structure. Listed in New York, but ultimately registered in Guernsey, with more than 100 subsidiaries around the world.

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amaBhungane @amabhungane.bsky.social · 04/10/2026

[ICYMI] Bullies in Parliament: “Don't bully me.” / “I'm not bullying you. I'm requesting.” / “It’s Honourable Mantashe that is trying to bully this meeting. It's not acceptable.” / “No, I'm not bullying… You want to change [the programme] – you are bullying me.”

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amaBhungane @amabhungane.bsky.social · 03/10/2026

Peresec, the single largest broker on the Johannesburg Stock Exchange allegedly “unlawfully” seized control of several companies using hardball tactics and subterfuge.

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amaBhungane @amabhungane.bsky.social · 03/10/2026

The wheels turn slowly, but better late than never. Companies featured in amaBhungane’s #ScamEmpire investigation have had their financial services licences provisionally withdrawn by the FSCA this week.

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amaBhungane @amabhungane.bsky.social · 03/10/2026

South Africa’s intelligence watchdog has been out of office for nearly a year. Imtiaz Fazel was suspended while Parliament’s intelligence committee investigated allegations against him. But new documents raise questions about how far that investigation has actually gone.

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amaBhungane @amabhungane.bsky.social · 02/10/2026

[ICYMI] Flyfofa Aviation Training paid Teejay Properties and JMF Promotions about R13-million combined for accommodation, transport, uniforms and learning materials.

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amaBhungane @amabhungane.bsky.social · 02/10/2026

Finally, some action! The financial regulator this week provisionally withdrew the licenses to companies featured in amaBhungane’s #ScamEmpire investigation.

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amaBhungane @amabhungane.bsky.social · 02/10/2026

We wrote about our experience in Parliament during what we felt was a rushed and absurd passing of the Public Procurement Act [amabhungane.org/public-procurement-…]

amabhungane.org

Advocacy: Why we are challenging the Public Procurement Act

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amaBhungane @amabhungane.bsky.social · 02/10/2026

Who is watching South Africa’s spies? For nearly a year, the country’s intelligence watchdog has been sidelined while questions have mounted over the process that led to his suspension.

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amaBhungane @amabhungane.bsky.social · 02/10/2026

Eskom concedes it made R3-billion irregular payments to diesel suppliers to keep the lights on last year.

amabhungane.org

UPDATE: Eskom admits to R3-billion in payments “outside of contractual terms”

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amaBhungane @amabhungane.bsky.social · 01/10/2026

From Our Archive: In 2020, Inhlanhla Ventures lost money when stock they invested in fell and then rose suspiciously. Suspecting market manipulation, Inhlanhla asked the JSE for information on the trades, hoping that if it showed illegality they could recoup their losses.

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amaBhungane @amabhungane.bsky.social · 01/10/2026

Peresec: Trusted JSE captain or feared corporate pirate? Read our analysis of the case involving the Johannesburg Stock Exchange’s biggest broker and how it captured billion-rand companies and bypassed some key takeover rules. bit.ly/4hwCQ0X

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amaBhungane @amabhungane.bsky.social · 30/09/2026

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amaBhungane @amabhungane.bsky.social · 30/09/2026

Peresec, the single largest broker on the Johannesburg Stock Exchange allegedly “unlawfully” seized control of several companies using hardball tactics and subterfuge.

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amaBhungane @amabhungane.bsky.social · 30/09/2026

bit.ly

ANALYSIS | Peresec: Trusted JSE captain or feared corporate pirate?

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amaBhungane @amabhungane.bsky.social · 29/09/2026

How did the JSE’s biggest broker allegedly capture billion-rand companies ‘on the cheap’? The full amaBhungane analysis lands tomorrow morning. Don’t miss it.

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amaBhungane @amabhungane.bsky.social · 29/09/2026

A trusted JSE captain or a feared corporate pirate? The full amaBhungane analysis lands tomorrow morning. Don’t miss it.

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amaBhungane @amabhungane.bsky.social · 29/09/2026

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amaBhungane @amabhungane.bsky.social · 28/09/2026

World News Day is a reminder that journalism in the public interest matters. From exposing corruption and holding power to account, to defending access to information and protecting journalists doing difficult work independent journalism helps strengthen democracy.

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amaBhungane @amabhungane.bsky.social · 27/09/2026

[ICYMI] How does a parolee disappear from the system? AmaBhungane traced the breakdown inside South Africa’s parole monitoring system, from missed check-ins to failed police coordination.

amabhungane.org

Untraceable: Correctional services can’t locate tens of thousands of absconded parolees

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amaBhungane @amabhungane.bsky.social · 27/09/2026

Who watches South Africa’s spies when the person tasked with watching them is sidelined? Inspector-General of Intelligence Imtiaz Fazel has been suspended since October 2025.

amabhungane.org

Investigation into IGI alleged misconduct stalled, as secret fund millions remain without scrutiny

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amaBhungane @amabhungane.bsky.social · 27/09/2026

From Our Archive: Every day, South Africans send us stories that rarely make the headlines: labour disputes, corruption allegations, trafficking claims, service delivery failures and pleas for accountability.

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amaBhungane @amabhungane.bsky.social · 26/09/2026

[ICYMI] The National Skills Fund spent four years chasing celebrity designer Hangwani Nengovhela for the money she owed them. It took a Presidential proclamation in 2025 for the SIU to act and get her to repay the money.

bit.ly

The fashion icon, her husband, the NSF and the SIU: the plot thickens

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amaBhungane @amabhungane.bsky.social · 26/09/2026

[ICYMI] A golden opportunity to prosecute alleged gang leader Ralph Stanfield was squandered by SARS’s unaccountable two-year delay in laying criminal charges for tax evasion and fraud.

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amaBhungane @amabhungane.bsky.social · 26/09/2026

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amaBhungane @amabhungane.bsky.social · 25/09/2026

[ICYMI] Flyfofa Aviation Training received R148-million in bursary funding from the National Skills Fund. Our investigation confirmed its claimed flying hours did not match pilot logbooks and a credit note of R3.8-million had to be issued by Flyfofa to the NSF over outstanding hours.

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amaBhungane @amabhungane.bsky.social · 25/09/2026

Bullies in Parliament: “Don't bully me.” / “I'm not bullying you. I'm requesting.” / “It’s Honourable Mantashe that is trying to bully this meeting. It's not acceptable.” / “No, I'm not bullying… You want to change [the programme] – you are bullying me.”

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amaBhungane @amabhungane.bsky.social · 25/09/2026

From Our Archives: On paper, CMS Water Engineering was a highly successful, black-owned company securing water and wastewater projects across the country.

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amaBhungane @amabhungane.bsky.social · 24/09/2026

Transparency matters. Including when it comes to who funds our work. AmaBhungane is a non-profit investigative newsroom. We don’t do paywalls or ads, and we don’t accept funding from governments or companies.

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amaBhungane @amabhungane.bsky.social · 24/09/2026

From Our Archives: Lottery jackpot: amaBhungane traced the political web of proximity behind Sizekhaya Holdings, the company that clinched the licence to operate SA’s national lottery, and found Deputy President Paul Mashatile’s sister-in-law has a stake.

bit.ly

Lottery Jackpot: Mashatile’s family tied to new multi-billion-rand operator deal

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amaBhungane @amabhungane.bsky.social · 24/09/2026

Who watches South Africa’s spies when the person tasked with watching them is sidelined? Inspector-General of Intelligence Imtiaz Fazel has been suspended since October 2025.

amabhungane.org

Investigation into IGI alleged misconduct stalled, as secret fund millions remain without scrutiny

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amaBhungane @amabhungane.bsky.social · 24/09/2026

[ICYMI] The Department of Agriculture paid Centurion Bus Manufacturers R26.8-million of a R31-million contract for seven mobile veterinary clinics signed in 2015. More than a decade later, the department has not received a single truck. bit.ly/4fPWog5

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amaBhungane @amabhungane.bsky.social · 24/09/2026

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amaBhungane @amabhungane.bsky.social · 24/09/2026

Who is watching South Africa’s spies? For nearly a year, the country’s intelligence watchdog has been sidelined while questions have mounted over the process that led to his suspension.

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amaBhungane @amabhungane.bsky.social · 23/09/2026

[ICYMI] A court challenge by former PRASA security chief Alexio Papadopulo revealed the first outlines of a SAPS investigation into his alleged links to reputed crime boss Ralph Stanfield. Papadopulo denies wrongdoing.

bit.ly

Inside the SAPS investigation into former PRASA security chief Alexio Papadopulo

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amaBhungane @amabhungane.bsky.social · 23/09/2026

Want to stay up to date with amaBhungane’s latest investigations? Subscribe to our newsletter and get our newest stories, updates and public-interest investigations delivered straight to your inbox. Sign up here:

amabhungane.org

AmaBhungane Centre for Investigative Journalism

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amaBhungane @amabhungane.bsky.social · 23/09/2026

[ICYMI] The ballooning online gambling sector is attracting a dizzying array of new chancers keen to break into one of the world’s most spectacular growth markets. It was inevitable that this bonanza would attract less-than-savoury players.

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amaBhungane @amabhungane.bsky.social · 22/09/2026

South African journalist Micah Reddy is free and safe. He was deported from Djibouti, according to his brother Niall Reddy. Authorities claim he did not have proper media accreditation. His fixer, Kooki Mahmoud, is apparently released without charge.

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amaBhungane @amabhungane.bsky.social · 22/09/2026

Watch now: The Central Energy Fund group, which includes PetroSA, is appearing before Parliament, with the delegation led by Minister Gwede Mantashe.

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amaBhungane @amabhungane.bsky.social · 22/09/2026

[ICYMI] South Africa’s intelligence watchdog has been sidelined for nearly a year — and the probe used to justify it appears to have barely begun. Meanwhile, millions in secret service funds sit without proper oversight.

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amaBhungane @amabhungane.bsky.social · 22/09/2026

🔥 Happening today in Parliament: state-owned fuel company, PetroSA, has been called to explain its dire financial state, including attempts by obscure fuel trader Nako Energy to liquidate the company over a R605-million acknowledgement of debt that PetroSA signed but failed to pay.

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amaBhungane @amabhungane.bsky.social · 22/09/2026

From Our Archive: This ±R263-million contract was meant to supply Joburg with 70 water tankers for the next three years. But irregularities in the tender process, including extensions far beyond the 90-day validity period, led a rival bidder to challenge the award in court and in December, he won.

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amaBhungane @amabhungane.bsky.social · 21/09/2026

From Our Archive: SCAM EMPIRE PART TWO - Thousands of South Africans have fallen prey to online “trading platforms” like SkyMT, Finbok and Finxocap.

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amaBhungane @amabhungane.bsky.social · 21/09/2026

[ICYMI] For years, Nako Energy seemed to have the inside track at PetroSA. First, it signed an R11-billion unleaded petrol deal, then it snapped up two cargoes of diesel at a discount.

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amaBhungane @amabhungane.bsky.social · 21/09/2026

AmaBhungane has been named a finalist for the 2026 African Investigative Journalist of the Year Award. Our investigation, The Great Capture Train, is one of just five finalists selected from 204 entries from across Africa.

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amaBhungane @amabhungane.bsky.social · 20/09/2026

Flyfofa’s troubles keep piling up. Less than a month after the NSF terminated its R148-million contract with Flyfofa Aviation Training, the Special Tribunal declared the company’s R85-million contract with SAA unlawful and ordered it to repay the profits made.

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