South Africa is investigating alleged $7B corruption at state-owned companies

  • 📰 ABC
  • ⏱ Reading Time:
  • 48 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 51%

Politics Nouvelles

Corruption,Business,World News

South Africa has active investigations into alleged corruption totaling more than $7 billion at some of its top state-owned companies

FILE - South African President Cyril Ramaphosa appears on behalf of the ruling African National Congress party at the Zondo Commission of Inquiry into state corruption in Johannesburg, South Africa, April 29, 2021. has active investigations into alleged corruption totaling more than $7 billion at some of its top state-owned companies, according to a report published Tuesday by the national anti-graft unit.

Those investigations involve six state-owned businesses: ports and rail company Transnet, arms company Denel, power utility Eskom, the National Lotteries Commission, national airline South African Airways and passenger rail company PRASA. Around 60 suspicious contracts and hundreds of cases of conflict of interest and other alleged corruption worth nearly $4 billion of public money are under investigation at Transnet alone, according to the report.

There were allegations of widespread corruption over lucrative government contracts during the administration of former President Jacob Zuma, who led Africa's most advanced economy for nine years before stepping down in 2018 because of the allegations.into high-level corruption during that era implicated numerous government officials and executives at state-run businesses in taking kickbacks and bribes from businessmen in return for government contracts or favors.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 471. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

South Africa is investigating alleged corruption of more than $7B at top state-owned companiesSouth Africa has active investigations into alleged corruption totaling more than $7 billion at some of its top state-owned companies. The details are contained in a report submitted to a parliamentary committee Tuesday by the national anti-graft unit.
La source: AP - 🏆 728. / 51 Lire la suite »