We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In her insightful analysis Ranjeni Munusamy correctly treats the Bosasa state capture scandal as a stain on Cyril Ramaphosa’s presidency. But her conclusion that “this tainting of Ramaphosa by [the] Bosasa affair highlights political meddling by big business … even with a good guy in charge” suggests ANC leaders are the victims of the evil corrupting influence of big business. This is a misdiagnosis.

In truth, the Bosasa-Ramaphosa scandal is an illuminating example of the modus operandi the ANC has carefully fostered over years. In this model, the ANC-in-business relies on the ANC-in-government for tenders and access, and then funnels money to back to the ANC-the-party and its leaders. It is a mutually reinforcing triangle of corruption, and it infects every level of the state. Examples abound. VBS got money from ANC municipalities, funnelled donations to ANC affiliates and enriched ANC (and EFF) personalities. Chancellor House bought a big stake in Hitachi Power Africa, which...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now