South Africa is investigating alleged corruption of more than $7-billion at top state-owned companies

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Administration of former president Jacob Zuma faced allegations of widespread corruption over lucrative government contracts before stepping down in 2018

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

Also, there are nearly 40 other continuing investigations into alleged corruption involving different state-run businesses and national and provincial government departments worth billions more dollars. Even more investigations have been finalized by the SIU ahead of being made public. A judicial inquiry 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 favours. The culture of graft permeated through all levels of government, according to the allegations. Hardly any of those implicated have faced criminal charges.

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