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
31 October 2012

The suggestion that the chief value that Ramaphosa adds to Lonmin is connectedness to the government will deepen the impression that if you are black and want to make it in business, you had better be politically connected. That makes it a lot more difficult to encourage the rise of black people who have a talent for business rather than politics. Signalling that black people are assets to large companies only if they can open doors to the government also makes it much less likely that our politics will be about public service rather than greed. Much of today’s political jockeying is about access to resources. But, while much of the debate assumes that people are looking for public money through tenders and the like, often the motive is to access private wealth. If the message reaching ambitious black people is that private-sector opportunities are more likely if you are politically connected, it is not surprising that part of the political game becomes how to gain a position that will be attractive to companies. – Steven Friedman

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