The special tribunal set up by President Cyril Ramaphosa to speed up Special Investigating Unit (SIU) cases is a huge step forward in the fight against corruption, malfeasance and state capture. While many South Africans are sceptical about the outcome of the various commissions, the president has acted decisively in getting to the bottom of what has gone wrong. These commissions cut across all areas of public policy that are amenable to capture, including awarding and managing public contracts and selling public assets below market price (Zondo commission); granting tax breaks and tax subsidies (Nugent commission); awarding public loans (Mpati commission); and awarding monopolistic positions in competitive markets (competition commission). The special tribunal will enable the SIU to recover monies and assets lost by state institutions through irregular and corrupt means and will ensure those responsible are held accountable. These inquiries are showing that state capture has occurr...

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 Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.