British Lord vows to haunt “State Capture” corporate

Loading player...
British Lord Peter Hain has vowed to continue to “haunt” and pursue State Capture-implicated company Bain. Speaking to BizNews from the House of Lords after the British government decided not to re-suspend Bain from getting government contracts, Lord Hain says: “I would like every government in the world, because they do a lot of work for governments and the public sectors in the countries in which they operate generally, I would like them to be suspended from that work. Their global reputation is already toxic because of their complicity in this…State Capture disaster for South Africa, which set the country back so far and from which you're still trying to recover.” Lord Hain says there needs to be an admission in the business community of its culpability. “…the reason I'm so passionate about this is it wasn't just the politicians that were guilty. It takes two to tango. And it was the businesses who paid the bribes, who paid the backhanders, who did the soft audits… who did the whitewash reports…”
23 Jan 2025 7AM English South Africa Investing · Business News

Other recent episodes

Ebola outbreak in DRC grabs global attention - perfect storm of war, fear, and disease

John McDermott explores the unfolding Ebola outbreak in eastern Democratic Republic of Congo, unpacking how transmission occurs, why the crisis is spreading, and what makes this strain particularly dangerous. He examines strained health systems, limited aid funding, and the challenge of vaccine development. The discussion situates the outbreak within broader…
4 Jun 7AM 26 min

Athol Trollip: Government’s FMD response is a “national disaster”

Athol Trollip delivers a blistering critique of South Africa’s handling of the foot-and-mouth disease crisis, arguing that government bureaucracy and a state-controlled vaccination strategy are failing farmers and allowing the outbreak to spread. Drawing on decades of farming experience, the ActionSA parliamentary leader says commercial farmers should be empowered to…
4 Jun 4AM 32 min

Kabelo Khumalo - Inside the Black Market of illegal number plates

A Business Day investigation has pried open South Africa's black market for number plates and found the price of entry close to nothing. In this interview with Irakli, Business Day Deputy Editor Kabelo Khumalo explains how reporters walked out of three Johannesburg establishments with plates after doing just one thing…
3 Jun 7AM 11 min