‘South Africa lost R49 bn due to state capture, corruption’ Updated
Gaopalelwe Phalaetsile
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The commission of inquiry into state capture has heard that South Africa lost R49 billion to state capture and corruption-related activities.
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Holden testified via Zoom from the British capital.
He testified on amounts of monies paid by different government departments, including the Free State provincial government, the North West government, and several SOEs through contracts tainted by state capture.
Most of these monies were paid directly to companies not owned by the Guptas, but linked to them through their business associates.
The money subsequently ended up directly into Gupta-owned entities.
It’s called “decision paralysis” and it occurs when you’re overwhelmed by the freedom to choose among too many options. But there’s a twist to this once you retire that you may not have thought about.
Nonprofit aids those falling through cracks of health care system
Volunteers in Medicine offers free health care, mental health services
Joy Purdy, 5:30, 6:30 & 11 p.m. anchor
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A local nonprofit is here to help.
Free health care
Volunteers in Medicine (VIM) has provided free medical care for people like Betty Jordan, who works part-time at a Jacksonville laundromat so she can raise her 12-year-old twins.
“I’ve had the children since they were 2 months old,” Jordan explains. “They were placed with me in emergency placement, and it’s been a blessing. They’ve been the greatest thing that ever happened in my life.”
Financial firms are spending hundreds of millions of pounds every year trying to protect their customers and their brands from online scammers.
Lloyds Bank, Nationwide and wealth manager Quilter are having to bring in cyber-crime experts and teams of staff to help victims, as fraudsters keep advertising their schemes online and cloning legitimate brands websites with impunity.
The Mail s Stamp Out Investment Fraud campaign is calling for online scams to be included in the Government s Online Safety Bill so web giants such as Google and Facebook have a legal duty to check that the adverts and sites which they host are not fraudulent.
The Serious Fraud Office encouraged a Machiavellian lawyer to leak confidential information about his client in the middle of a corruption probe, the High Court heard.
Eurasian Natural Resources Corporation (ENRC) is suing the SFO for alleged misfeasance in public office over an investigation into the Kazakh mining giant, and is seeking £70million in damages.
The company is also suing City lawyer Neil Gerrard and his former employer, Dechert, which represented ENRC in the investigation, for colluding with the SFO.
Damages claim: Eurasian Natural Resources Corporation is suing the Serious Fraud Office for alleged misfeasance in public office over an investigation into the Kazakh mining giant