Volkswagen: Poor culture meets high business risk

The dark but wise words of Winston Churchill remind us to ‘never let a good crisis go to waste’. Churchill’s quip has been referred to on numerous occasions in the wake of the global financial crisis, as both policymakers and market participants sought to learn the lessons that stemmed from poor governance and risk management […]

Garnishee orders, Tsogo-style

Unintended consequences on a lottery scale, or a modern version of thumbscrew torture? You will remember the R200 million of loans that Tsogo Sun awarded to five of its 14 executives, to enable them to buy its own shares from SABMiller when the latter divested. My column on that topic can be found here. Consider […]

GDPR / PoPI data privacy security breaches

The Liberty hack could be the first South African incident subject to the General DataProtection Regulation (GDPR) since its inception on 25 May. So says Andrew Chester, MD of Ukuvuma Cyber Security, who points out that the GDPR, which Liberty has to conform to because of its European stakeholders, states that companies must send out breach notifications […]