The numbers are difficult to comprehend they are so staggering – more than R1.5 trillion looted in corruption between 2014 and 2019 alone – but when you look at them in real terms, the pain of what we have lost as a country is clear. Similar to The Economist’s way of calculating the buying power of various currencies by using the cost of a McDonald’s Big Mac burger, we have analysed that looted amount – calculated by the Unite 4 Mzansi’s first case study, State Capture 101, released this year.
Given each one of our 25 million unemployed people a job at the R3 500 a month minimum wage for 18 months as a kick-start in life.Purchased the entire stock of Naspers, Africa’s biggest communications conglomerate. It also means, effectively, that every single South African citizen donated R25,000 to the looters. Working with an interest rate of 10% per annum, that looted amount would generate R150 billion a year in interest.
“That is because it can buy more locally than internationally. This means the true impact of corruption is felt deeper in South Africa than it may have been in another country. “As the ruling party is helping itself to our money, it’s also digging into citizen’s life expectancy,” said Roodt.
How does one lose a court case against the government for refusing to hand over income tax 😂
New Dawn
Under which governing Party, who is the President?
When I say the ANC is a liability to the state! I'm offering you solutions to this mess. To recoup some of lost monies as well. More than half of the looted money will be recovered. Let's implement solution to stop corruption completely.
This should close the debate on white reparations. Every PDI could have had a house built with the money looted by the 'liberation heroes' MYANC
I wish I contacted earlier LindaStouffes this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person LindaStouffes
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