Recovering stolen billions could rescue SAA and Eskom
The government aims to retrieve R14bn this financial year, but the total amount looted from SA since 1976 could be as much as R7-trillion
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...