Quote of the week

The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.

State Capture Commission Report
Volume 4, Part IV
9 December 2011

Corruption is the elite’s way to steal from the poor, Cosatu general secretary Zwelinzima Vavi said in Johannesburg on Thursday. “It has become a matter of life and death. Corruption is the biggest threat to the realisation of our dreams,” he told an anti-corruption summit. “Self-enrichment will unravel the fabric of society.” Vavi said up to 20 percent of government procurement was lost to corruption as officials exploited gaps in the system to procure government tenders. “We are facing a nightmare future in South Africa… people are systematically using their power to secure… parts of society.” He said if the current economic system of capitalism continued with the “me first” mentality, it would be difficult to root out corruption. “The culture of me first accumulates and accumulates that one person in this country earns R627 million per year… while workers earn less than R1500 per month,” said Vavi. – Sapa

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