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At least R57.3bn in public funds were stolen during the State Capture era through sullied contracts awarded by SOEs. The State Capture inquiry is upping the ante on keeping politicians away from key SOE appointments and proposing bruising sanctions for wrongdoers.
Under Jacob Zuma, state institutions became a training ground for state employees and groups of individuals to repurpose state agencies and state-owned enterprises. Syndicates within the state agencies began to delegate the authority of the state to external private companies and families.