MINISTER of Economic Development Ebrahim Patel has called for legislation to be passed to allow ministers’ bank accounts to be scrutinised in an attempt to crack down on corruption and state capture.He was backed up by his cabinet colleague Blade Nzimande who said state capture by "parasites" threatened democracy.Speaking during the South African Clothing and Textile Workers' Union (Sactwu) congress at the Cape Town International Convention Centre on Thursday‚ Patel said it was important that government addressed "high levels of corruption in our ranks" and proposed lifestyle audits and regulation of party political funding as a means to do this.He said if officials appeared to be driving fancy cars and going on expensive holidays‚ they should be asked‚ "my dear comrade‚ where did you get this money?"He said the Financial Intelligence Centre Act (Fica) should be passed so that banks "look carefully at the financial transactions of prominent public figures like cabinet ministers to m...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.