As distractions go, the leaking of the public protector’s Report 12 of 2016-17, to wit, the "alleged failure by government to recover funds borrowed to Absa", is proving to be a big one. Obviously its leaking has a strictly political purpose. It is designed to counter claims by President Jacob Zuma’s opponents that he has allowed the state to be "captured" by his cronies, notably the Gupta family. It does this by harking back to commercial and fiscal malfeasance in the dying years of apartheid, when the Reserve Bank decided it was duty bound to rescue a banking group called Bankorp. There, it seems to want to say, whites did it too! You bet they did. There is lots of apartheid money lying around. I drive daily past the imposing homes of people I know made money busting sanctions. But I always thought the point about the "new" SA was that it was supposed to be a better place than the old one. It is interesting that while former public protector Thuli Madonsela did much of the work on...

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.