I have just been reading the fourth volume of the Zondo Commission reports, and this one covers a crucial issue: the attempted capture of National Treasury by the Gupta family.
In a sense, this is actually the heart of what State Capture means: when political players become your pawns and are moved about at your instance. There is little in this section of the report that we haven’t heard about before, but reading it again does give you chills. The scale of it; the brazenness of it; the shamelessness of it; the sheer amorality of the whole effort … it’s amazing the country survived. And on the other side, extraordinary selflessness and moral courage.
Although the facts on the ground are not new, the assignment of blame, the identification of those responsible and their thinking is unequivocal. He absolutely thumps it to former president Jacob Zuma saying the Gupta family identified Zuma “at a very early stage as somebody whose character was such that they could use him against the people of South Africa, his own country and his own government to advance their own business interests”.
One of the reasons National Treasury did manage to fight a rear-guard action was because every time Zuma appointed another Gupta handmaiden as a “minister”, the markets went bonkers. And having done so, it was so much easier for the National Treasury crew to argue that appointing Des van Rooyen as finance minister with two “advisers” whom he had never met before, was arguably a bad thing.
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