We've got news for you.

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

There are two numbers. One is very large. The other is fairly small. Combined, they form a set of co-ordinates showing us where we are. The very large number is an amount of money that has been stolen from us. There are plenty of numbers to choose from, not least the figures coming out of the Zondo commission: an alleged R6m a month in bribes to ANC officials; R300,000 a month to Jacob Zuma. But those aren’t the big number. The big number is R100bn, the amount Pravin Gordhan in 2017 estimated had been stolen by the sebaceous cysts we now refer to as state captors. They did it, most agree, over a period of about 10 years, which means they stole on average about R27m every day. Which brings me back to Bosasa. I don’t want to trivialise the information coming out of the Zondo inquiry. It is essential that the rot be exposed. But I think it’s important to remember that it’s not new rot. This is not a new scandal. This is still state capture. And, it must be said, a pretty low-rent itera...

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

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.