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
15 April 2019

On regulating larghe companies

Legislators are under the sway of an army of lobbyists: Google alone spent more than twenty-one million dollars on lobbying last year; together, Google, Facebook, and Amazon spent an unprecedented forty-eight million dollars, which was an increase of seventeen per cent from the previous year, much of it to stave off regulation. (A recent tweet by the digital-rights activist and developer Aral Balkan put this in perspective, claiming that Eric Schmidt, the executive chairman of Google’s parent company, Alphabet, had told him, at a private book event in SoHo, “I wake up every morning and I fight regulation, it’s what I do, it’s my job.”)

SHARE:     
BACK TO TOP
2015 Constitutionally Speaking | website created by Idea in a Forest