At one point during a social event over the weekend, the conversation among a group of private equity and deal advisory types turns to the future and, inevitably, corruption.

My interlocutor relays a story about a mining deal involving rights in Mpumalanga that have taken more than three years to secure. Of the brazen attitude of a provincial department of mineral resources & energy official whom he meets at a trendy coffee shop, devouring breakfast, lunch and dinner in one sitting followed by demands for a full tank of petrol for his new Range Rover before anything will be discussed...

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