LUMKILE MONDI: Policies with teeth needed to prevent state capture
SA must ensure that ‘Ramaphoria’ and rhetoric on land and race do not entrench the privileges of an elite
When I sat in a credit committee meeting for the approval of Shiva Uranium and other Gupta-related deals at the Industrial Development Corporation (IDC), little did I know I was being complicit in a process that would eventually result in state capture. The repurposing of the South African constitutional state and hollowing out of its institutions has been documented by the public protector, media organisations and academics. However, the operational implications of this phenomenon remain elusive. Insiders need to come out of the closet if South Africans are to succeed in reclaiming their constitutional state and its institutions, as we recently learnt from a joint workshop with the World Bank. Because of my experiences at the IDC and Transnet, my research has focused on the state and its institutions, but there is also an urgent need for research on the extent and depth of fraud and corruption in the private sector. Company names such as Steinhoff, McKinsey, SAP, PwC, KPMG, Nkonki,...