Two of the three SOEs (the IDC and PIC) generated profits and paid taxes on them, contributing to the fiscus instead of draining the public purse by requesting taxpayer-funded bailouts.
The South African Revenue Service says it has caught buccaneer capitalist Simon Rudland and his associates managing a transnational plunder network that involves billions in illicit tobacco and gold cash, a vast money laundering racket and involving the corrupting of five Sasfin bank officials.