Cape Town – A roundup of Wednesday’s top economic and finance reads on Fin24.
State capture? In simple English it’s ‘fraud and corruption’ says finance minister
Finance Minister Nhlanhla Nene has told Parliament that, as the government works to rebuild state-owned companies (SOCs), there is a chance that too much focus will be placed on individuals and not enough on strengthening institutional capabilities.
In his view, there was another way to refer to this term: “… in simple English [state capture] would be referred to as fraud and corruption”.
Ill-prepared Eskom execs grilled on tender processes
Members of Parliament wasted no time in trying to get to the bottom of questionable contracts at Eskom on Wednesday; however, executives at the power utility seemed less…
