New probe into apartheid era plunder

Sherbang

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For those who think there was no corruption during apartheid, that it is something only the ANC ever does and that if only we could get rid of the ANC corruption would end...

The plunder, involving various companies and prominent businessmen, relates to numerous alleged illegal transactions amounting to as much as R200bn.

The SA Reserve Bank, Absa Group [JSE:ASA], Sanlam [JSE:SLM], Rembrandt (now Remgro [JSE:REM]), KWV and even the Dutch Reformed Church have apparently been named in a confidential report, which was compiled by a British forensic investigation firm and handed to the South African government in 1999.

The Ciex report (of which Beeld has obtained a copy) states that during an unrelated investigation in 1995 an apparently illegal payment of R3.2bn was made by the Reserve Bank to Absa’s predecessor, Bankorp, in which several prominent businessmen, who are mentioned by name, were involved.

Hennie van Vuuren, a senior researcher at the Institute for Security Studies (ISS), who has researched apartheid corruption, says the Treasury was extensively "plundered" between 1976 and 1994, as the Ciex report shows.

http://www.fin24.com/Economy/New-probe-into-apartheid-era-plunder-20110706
 
Nose week had a whole indepth analysis of this a while back and some hard questions were asked about why the new government had thought it unnecessary to institute proper investigations. At the time ABSA wasa also accused of moving billions
Hennie van Vuuren, a senior researcher at the Institute for Security Studies (ISS), who has researched apartheid corruption, says the Treasury was extensively "plundered" between 1976 and 1994, as the Ciex report shows.
... and continues to be plundered to this day (which is probably why no investigation has taken place)
 
Who ever said there was never corruption in the Old SA?

Please Joelus, name them so we can go forward with this topic of yours. Alternatively this thread is pretty void :p
 
This is fantastic, they need to go after those corrupt crooks from the Apartheid regime.
 
From September 2010 issue...
The ANC government was told in a secret report how apartheid-era government operatives stole hundreds of billions from the State - and how vast sums could be recovered from those responsible and the European bankers who helped them hide the loot. But mysteriously, the Mbeki cabinet and the Reserve Bank decided to do nothing about it. Why?

After a vitriolic disinformation campaign led by Reserve Bank governor Gill Marcus, an amendment to the current Reserve Bank Act, tailor-made to silence the bank’s private shareholders, has hurriedly been tabled in parliament. Those shareholders, you see, have been asking the same question.

But, instead of silence, the shareholders have taken furious action – and brought to light an explosive secret document in which it is revealed how the Mbeki government was given a detailed account of the extraordinary extent of frauds on the state perpetrated by the Afrikaner nationalist elite in the apartheid era – frauds that their ANC successors have until now chosen to cover up.


noseweek article
 
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I don't recall ever saying that there was no corruption in the old SA. But for the most part it was dealt with. Now regarding any new probes, I welcome it. Bring it. Corruption should be dealt with wherever and whenever it is found! If people were defrauded then action must be taken.
 
I think we should rather focus to irradicate the current corruption spread throughout government than to milk our current resources to find corrupt mofo's from ages ago, which is absolutely irrelevant today.
 
Misdirection hard at work..... Point out the flaws of others to justify your own. Politicians of all colours make me sick

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A typical ANC ploy...dig up the past to cover up the present. Millions will now be spent to "get to the bottom of this" while the Arms Deal will never be investigated...even with daily press releases stating that the levels of corruption and pay-offs during the Arms Deal was unprecedented. ANYTHING to detract from current corruption. JHB is bankcrupt FFS...bet you it is Rambrandt and ABSA's fault. By the way just by tallying up MY ABSA bank costs for the last 20 years it is easy to see where the billions that was stolen originally came from.
 
I think we should rather focus to irradicate the current corruption spread throughout government than to milk our current resources to find corrupt mofo's from ages ago, which is absolutely irrelevant today.
I agree but by your logic if the current corrupt officials get away with it for long enough (10 years?) then we should just forget about it and let them off the hook. I don't think it's irrelevant - those mofo's are still around today living off their gains...
 
A typical ANC ploy...dig up the past to cover up the present. Millions will now be spent to "get to the bottom of this" while the Arms Deal will never be investigated...even with daily press releases stating that the levels of corruption and pay-offs during the Arms Deal was unprecedented. ANYTHING to detract from current corruption. JHB is bankcrupt FFS...bet you it is Rambrandt and ABSA's fault. By the way just by tallying up MY ABSA bank costs for the last 20 years it is easy to see where the billions that was stolen originally came from.

If you read the above posts you'll see the ANC has been trying to cover it up. No doubt some of them are also complicit here too.
 
I agree but by your logic if the current corrupt officials get away with it for long enough (10 years?) then we should just forget about it and let them off the hook. I don't think it's irrelevant - those mofo's are still around today living off their gains...

Sure, but first let's stop the current mofo's and prevent more mofo's from corrupting our system in future, and then move onto the old mofo's.
 
Awesome news and perhaps if the money can be reclaimed it could be used to buy houses, farms or similar.
 
joelus, has anyone ever said there was no corruption during apartheid? The whole bloody edifice was corrupt... jobs for friends, jobs for life, jobs for people who were not qualified, etc. The issue we have with the ANC is that they claim to be the opposite of the Nats, yet they do the exact same things - BEE and tenderpreneurship to name two.

As for a church stealing money... I'd say I'm surprised, but it's a sad fact that the ones who claim to be the most pious are also the most corrupt.
 
What will they do with them? Put them in parliament? Give them a golden handshake? A New Car? Cushy Government job?

These idiots cannot organise a piss up in a brewery. Who will run this? Who's idea was this? When I hear probe, initiative or any government investigation I hear tax money disappearing.
 
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Awesome news and perhaps if the money can be reclaimed it could be used to buy houses, farms or similar.

Nice dream you having ;)

It will just be used to enrich the current criminals.
The ANC hoped to keep this quiet because either they too was involved in this or they hoped that they could quietly reclaim this money for themselves...
 
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For those who think there was no corruption during apartheid, that it is something only the ANC ever does and that if only we could get rid of the ANC corruption would end...]

I'd like to see you back that statement up and point out who thinks that, or has said that there was no corruption during apartheid, and that corruption is an ANC thing. Either you're KNOWINGLY talking kak or genuinly believe it.

I think you'll find that it's the former.
 
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