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.
It is not unusual for powerful political entrepreneurs to launch self-serving, acerbic attacks on the black middle class for daring to comment unfavourably about the ruling elite. It is also common for the same politicians to launch racially charged attacks on so-called white capital while accepting back-handers in the form of lucrative business opportunities from the same purported enemy. They use their proximity to power in the ruling party and the state as a lever to gain access to these opportunities, while fooling the public into believing they are in a war on behalf of the poorer classes. In short, the convergence point of political, business and social interest of the elite is nothing more than a marketplace in which influences get traded for personal gain under the guise of social consensus. This situation is unsustainable and needs to change if this country is to achieve the level of the cohesion required to make great strides in social, scientific and economic development. – Zongezo Zibi in Business DayBACK TO TOP