The quest by the government to recover R14bn from state capture this financial year, as announced by President Cyril Ramaphosa in his state of the nation address, is a step in the right direction and must be applauded.

We should also acknowledge and congratulate Nigeria for eventually recovering $1.3bn looted by the notorious dictator Sani Abacha, of which about $800m was recovered from domestic institutions and about $500m in other countries, mostly Switzerland. Africa’s two leading economies must step up their efforts in recovering stolen assets...

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 exclusive Financial Times articles, 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