Zondo Commission: Cash is king in Bosasa's industrial-scale corruption

Loading player...
Sustaining a criminal enterprise requires lots of cash to pay bribes. The Zondo Commission report details how controversial facilities management group Bosasa, almost turned getting their hands on cash into a full-time gig, paying almost R76m to South Africa's corrupt over 16 years.The third tranche of findings to come out of the State Capture Inquiry is divided into four volumes and deals exclusively with various aspects of Bosasa's alleged criminality. In total, the third volume is close to a thousand pages, making it impossible to digest into one explainer piece.Between 2000 and 2016, Bosasa would rake in over R2.3bn in tenders. According to Bosasa's former Chief Operations Officer, Angelo Agrizzi, the company paid out millions in bribes to government officials, ANC heavyweights and functionaries within state-owned entities.In part one of this explainer series on Bosasa, the vast majority of evidence you’ll hear comes from Agrizzi. He spent more time on the stand at the inquiry than any other witness - a total of 13 days. Inquiry Chairperson Raymond Zondo ultimately found that Agrizzi’s evidence is corroborated in various respects by the testimony of other witnesses, documentary and video proof.For the video version of this explainer click here. Learn more about your ad choices. Visit megaphone.fm/adchoices
13 Apr 2022 12PM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min

Murder, mayhem, treachery, and court battles = SA politics: Solly Moeng

In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa's impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to…
29 Jul 5AM 15 min