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‘South Africa lost R49 bn due to state capture, corruption’ Updated Gaopalelwe Phalaetsile Share this: The commission of inquiry into state capture has heard that South Africa lost R49 billion to state capture and corruption-related activities. Youtube Holden testified via Zoom from the British capital. He testified on amounts of monies paid by different government departments, including the Free State provincial government, the North West government, and several SOEs through contracts tainted by state capture. Most of these monies were paid directly to companies not owned by the Guptas, but linked to them through their business associates. The money subsequently ended up directly into Gupta-owned entities. ....
More than R49 billion spent on contracts 'tainted by state capture', Zondo Commission hears news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.