Sunday, August 19

Ramaphosa talks tough against corruption ahead of WEF

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South Africa’s deputy president and new leader of the ruling ANC party Cyril Ramaphosa said on Thursday the country was on a new positive trajectory in rooting out corruption and dealing with state capture.

Speaking at a breakfast event prior to leading a South African delegation to the World Economic Forum (WEF) next week, Ramaphosa said law-enforcement agencies had already begun the battle against corruption, but the next challenge was to increasing the momentum and arrest individuals implicated in wrongdoing.

“The most important thing is to address the issue of corruption and state capture. As a result, we welcome the establishment of the commission of inquiry that the president has announced,” said Ramaphosa.

Ramaphosa commended the National Prosecuting Authority (NPA) for taking action against companies alleged to have defrauded the state.

The NPA’s Asset Forfeiture Unit won a high court order to seize the assets of global consultancy McKinsey and Trillian Capital, a company which was then controlled by the Gupta brothers who are friends of President Jacob Zuma, to recover R1.6 billion that they illegally earned from power utility Eskom without a contract and without doing any work.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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