OPINIONISTA: State Capture: Things are a lot worse than we thought, but will get better

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OPINIONISTA: State Capture: Things are a lot worse than we thought, but will get better By Hilan Berger

’s inaugural Business Against Corruption event – the likes of Pravin Gordhan, Edward Kieswetter and Shamila Batohi – were brutal in their honesty about how bad the state of corruption and capture was in South Africa. Yet it was the presence of these very heavyweights that reassured the audience of 500-plus business leaders at the event in Hyde Park, Johannesburg, on 27 June that the downward spiral had been halted and the recovery and rebuilding was under way.

This “unholy alliance” was to come under fierce scrutiny all day, starting with Pravin Gordhan’s opening address. The Minister of State Enterprises, who has long been a champion in the fight against corruption in the public service, said: “In business, self-interest has become the dominant factor.” The extent of the damage, the severity of the situation, the advancement of the rot in what has been known until now as State Capture got a full airing on the day. Don’t be surprised if that term is expanded to include company capture soon too.

Pila had earlier called on business to put its economic muscle behind President Cyril Ramaphosa’s bid to clean up SA.His sentiments were echoed by his fellow panellists, who to varying degrees have put their personal reputations on the line to remain at the helm of sometimes discredited organisations and be part of the solution.

Despite the difficulty of the situation he found himself in, Nkuhlu managed to strike a more hopeful note in his closing when he said: “Let’s not give up on dreams of establishing a society founded on ethics.” He said he went to the Alexander Forbes board and said, “What happened here was unconscionable.” He said at the time the legal counsel, who was sitting next to him, said, “We disagree, we think we have a winnable case.”

 

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Things are a lot better than the attrocities commuted by the National Party regime, including stealing of the land belonging to its rightful owners to whom it must be returned .

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