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State capture

State capture

Search complete. 15 mentions across 2 episodes found for "State capture".

Sep 6, 2026

Sizwe Mpofu-WalshHOST
15:20
Yes,
Peter HainGUEST
15:21
because and I discussed this in the book because global corporates who were very much in partnership with the corrupt politicians in the state capture episode in South Africa the Bain and company the KPMG's the banks like Baroda Bank Which most the owned by this Indian government by the way and HSBC and Standard Chartered that's where it was through those banks that the looted money went that the Zoomers and the Guptas, principally the Guptas, looted it from South African taxpayers, essentially, and from the public purse and sent it out through those channels.
Peter HainGUEST
16:01
So that's corporate complicity, global corporate complicity.
Peter HainGUEST
16:05
The then you get the management consultancies like Bain and company brought in to disable SARS To disable the South African tax agency South African Revenue Service.
Ernst RoetsHOST
1:12
It heard evidence from more than 300 witnesses and worked through approximately 1.7 million pages of documents.
Ernst RoetsHOST
1:21
The final report ran to more than 5,000 pages and contained 352 recommendations.
Ernst RoetsHOST
1:29
The whole process cost the South African taxpayer approximately 1 billion rand.
Ernst RoetsHOST
1:37
Those are enormous figures, and they matter because they help us understand the expectations that were created.
Ernst RoetsHOST
1:45
If a country spends almost four years investigating one of the most serious political scandals in its history, and if it spends roughly one billion rands doing so, then the public is entitled to expect something more than another report that ends up on a shelf.
Ernst RoetsHOST
2:05
People expected consequences.
Ernst RoetsHOST
2:07
They expected prosecutions.
Ernst RoetsHOST
3:37
It became known as the Zondo Commission because it was chaired by Raymond Zondo, who was then the Deputy Chief Justice and who later became the Chief Justice.

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