The Unemployment Insurance Fund lost R1.8-billion in public money by indirectly investing it in Bounty Brands. Scorpio investigative journalist Pieter-Louis Myburgh explains how the money was lost and who might be to blame.
How does one lose nearly R2bn in public money? One way, it seems, is to invest it in a business with loads of debt buried beneath an insanely complex corporate structure. We unpack how the Unemployment Insurance Fund, and others, got burnt in the Bounty Brands debacle. How does one lose nearly.