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LIVE: Health Ministry media briefing on efforts to fight the COVID-19 pandemic
10 September 2021, 7:37 AM

Minister of Health Dr Joe Phaahla together with the Deputy Minister Dr Sibongiseni Dhlomo and a panel of experts, convene a media briefing on government efforts in the fight against COVID-19 and vaccine rollout.

LIVE STREAM:

Video: ANC Deputy Secretary-General Jessie Duarte briefs the media on legkotla, local government elections
7 September 2021, 11:31 AM

ANC Deputy Secretary-General, Jessie Duarte will be briefing members of the media on the outcomes of the ANC’s Legkotla and a reaction to the IEC’s decision to open the process of the candidate nomination system.

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LIVE | President Ramaphosa answers questions at the National Assembly Q&A session
3 September 2021, 10:00 AM

President Cyril Ramaphosa’s quarterly Question and Answer session in the National Assembly on Friday morning.

ANC MPs have asked about the advancement of social cohesion and nation-building, the economic reconstruction plan and policy interventions to ensure the turnaround of local government.

The President will also face tough questions from opposition parties regarding the appointment of ministers, the Marikana killings and the protection of people who don’t want to be vaccinated against COVID-19.

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VIDEO: Health Minister Dr Joe Phaahla briefs media on government’s efforts in the fight against COVID-19
3 September 2021, 8:40 AM

Minister of Health Dr Joe Phaahla and Deputy Minister Dr Sibongiseni Dhlomo and a panel of experts convene a media briefing on government efforts in the fight against COVID-19 and Vaccine Rollout SA programme.

VIDEO: Health Ministry media briefing on efforts to fight the COVID-19 pandemic

Crypto exchange Binance tightens anti-money laundering checks after regulatory pressure
20 August 2021, 11:58 AM

Major cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect.

Binance, the world’s biggest platform, has been under pressure in recent months from regulators across the world, who are concerned over the potential for crypto to be used to launder money and the risks to consumers from volatile crypto trading.

The exchange, whose holding company is registered in the Cayman Islands, has scaled back its product offerings, including leveraged trading and tokens linked to equities, and has said it wants to improve relations with regulators.

The potential for cryptocurrency exchanges to launder money has long worried regulators, with US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde among those this year to voice concerns.

The Dutch central bank on Monday said Binance was not in compliance with its anti-money laundering and anti-terrorist financing laws.

Binance said on its website that users would have to complete a verification process to access its products and services. Those who have not done so will only be able to withdraw funds, cancel orders and close positions.

Until now, document-based ID checks at Binance were only required for users who wanted higher limits on trading. Users will now have to upload an ID card, driver’s licence or passport to prove their identity, Binance said.

“This will further enhance user protection and combat financial crime,” it said of the move.

Binance CEO Changpeng Zhao, a Canadian known by his nickname”CZ”, tweeted a link to the Binance announcement saying “actions speak louder than words”.


Steps taken by crypto exchanges to make identity and background checks remain varied, with some demanding full documentation and others allowing users to sign up for accounts with as little as an email address.

Binance spot trading volumes in July were $455 million, down almost a third from a month earlier but still No.1 globally, according to data from CryptoCompare.

Binance’s corporate structure is opaque though its holding company is registered in the Cayman Islands, according to British court documents and Malaysia’s securities watchdog.

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