State capture in South Africa: time to think differently about redress and recovering the stolen loot
SOUTH Africans are plunged into darkness daily by rolling power cuts. These are a stark reminder of the destruction that years of state capture wreaked on Eskom, the state-owned power utility. Eskom’s inability to meet the energy needs of citizens and the economy is now the undeniable example of how state capture made parastatals and other state institutions ineffective. The country urgently needs action to recover the stolen funds and fix the economy. So far, President Cyril Ramaphosa has offered only a few general targets, and outcomes have been dissatisfying. For example, the “total of R2.9 billion” that he said…