Editorials
1 minute read
23 Oct 2021
6:50 am

The real cost of corruption astounds

Editorials

The amount looted in just five years – between 2014 and 2019 – is R1.5 trillion, an amount almost too big to comprehend.

Eastern Cape CI member convicted of corruption after 8.5 years. Picture: iStock

Then the numbers are starting to make you numb, then you know you’re in South Africa, 2021. The amount looted in just five years – between 2014 and 2019 – is R1.5 trillion, an amount almost too big to comprehend. 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...