The amount looted in just five years – between 2014 and 2019 – is R1.5 trillion, an amount almost too big to comprehend.
Then the numbers are starting to make you numb, then you know you’re in South Africa, 2021. Calculated by a group called Unite 4 Mzansi earlier this year in its case study titled State Capture 101, it is a number higher than our total national budget for this financial year, which is just R1.35 trillion. In our lead story today, we try to put that enormous number into some perspective. And, while some of the calculations are...
One sobering sum shows that the money stolen could have given all of our estimated unemployed 25 million people at job at the minimum wage of R3 500 a month for 18 months, more than enough to save lives.
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