'SOEs and radical economic transformation being repurposed for looting'

A new report suggests that South Africa has experienced a silent coup that has removed the ANC from its place as the primary force for transformation in society.

The report says that a power elite centred around President Jacob Zuma has built a symbiotic relationship between the constitutional state and the shadow state to execute this coup.

The State Capacity Research Project on Thursday released a report on state capture titled 'Betrayal of the promise: How South Africa is being stolen'.

Wits Professor Ivor Chipkin co-authored the report and explains how state-owned enterprises (SOEs) have been repurposed for looting.

He says state capture beneficiaries are using existing state institutions to shift away from their original mandate.

Eskom, Transnet and other SOEs are being used to achieve something else.

Professor Ivor Chipkin, Head of Wits University's Public Affairs Research Institute  

According to Chipkin, SOEs have evolved from serving radical economic transformation to corruption.

Radical economic transformation is itself being repurposed for massive looting.

Professor Ivor Chipkin, Head of Wits University's Public Affairs Research Institute  

He says that state capture is hollowing out democracy and doing major damage to state institutions.

The professor also advised how the latest leaked Gupta e-mails suggest a disturbing pattern of decision-making at Cabinet level.

Take a listen to the in-depth analysis:


This article first appeared on CapeTalk : 'SOEs and radical economic transformation being repurposed for looting'


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