Tag: Zondo Commission

We have released a South Africa’s anti-growth strategy report. The report argues that the slow economic growth of the last 15 years is the result of bad policy choices, a catastrophic decline in government performance and a devastating lack of leadership. Despite rhetoric to the contrary, the South African government does not have a growth strategy. If anything, it has an anti-growth strategy.

400 days of hearings. Over 300 witnesses called. 3,171 summonses issued. Transcripts running to 75,069 pages. 1,731,106 pages of documentary evidence submitted in public hearings. 8,655,530 pages printed for public hearings purposes.

Standard Bank CEO Sim Tshabalala recently suggested that Eskom should consider hiring an international candidate to succeed its outgoing CEO, André de Ruyter. Although Mr. Tshabalala is trying to be helpful, his suggestion misses the mark. A foreign appointee – no matter how capable or qualified – will not be able to fix the mess at Eskom. Another South African in the post won’t succeed either.

The news that John Lamola will assume the roles of both Executive Chair and CEO of South African Airways (SAA) suggests that the state has not learned the lessons of the past few years regarding the importance of good governance.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the fourth part of the report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the second part of a three-part report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

In detailing some of the crimes and misdemeanours that enabled state capture, the Zondo Commission’s report is in fact offering office-bearers across business and society a morality tale. In this spirit, the assessment of the performance of the erstwhile Chair of South African Airways, Dudu Myeni, acts as a case study of how important the role of the Board Chair is, and how not to do the job.

The State Capture Report released by Chief Justice Raymond Zondo is a scathing account of collusion between the State and politically connected cronies. The Inquiry took almost four years and cost nearly R1 billion to complete; uncovering the reasons why State-owned entities are performing abysmally with corruption playing a central role in the decay.

Conclusions and recommendations made in part one of the state capture inquiry report align closely to a letter sent by the Institute of Directors South Africa (IoDSA) to the Zondo Commission in September 2021. The letter included recommendations on director competencies as well as the nomination and selection of directors.

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the first part of a three-part report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.