Summit hears that R60 bln extorted by construction mafia since 2019 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Political opportunism and economic misrepresentation are some of the factors fueling the prevalence of the construction mafia.Construction engineering experts have called for policy certainty and a greater focus on rooting out the construction mafia, which is linked to the 30 percent empowerment policy.

Makara went on to explain how the mafia operates, noting that one of the reasons people comply with their demands is because of the extreme measures the syndicates are willing to take. “What makes people comply, first and foremost, is that they are willing to kill. We’ve seen that they are willing to extort.”

Makara also pointed out that political interference and opportunism have played a significant role, particularly with 2024 being an election year. “We had seen quite a big boom in the vulnerable projects as the lead-up to elections,” Makara added, referring to how political factors often fuel the growth of such illicit activities.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MultiChoice to Contest 'Notifiable Merger' Finding in 2013 SABC DealMultiChoice will appear before the Competition Tribunal to contest a finding that a 2013 agreement with SABC constituted a 'notifiable merger', violating the Competition Act. The deal involved the broadcasting rights of SABC's 24-hour news channel and SABC Encore for five years. The applicants in the case are media house Caxton, lobby group SOS Coalition, and the Media Monitoring Project Benefit Trust. The agreement also included the SABC's agreement to MultiChoice's position on digital migration.
Source: TechCentral - 🏆 8. / 71 Read more »