Top Stories
5 hours ago
State Capture Report | R2.9bn recovered, returned to SOEs - Ramaphosa
JOHANNESBURG - The government has recovered R2.9bn stolen through state capture.
President Cyril Ramaphosa confirmed this during his address on Sunday as the government continues to implement recommendations of the State Capture Inquiry.
So far, over 160 people have been implicated and have made appearances in court.
The President says recovered funds are being redirected to affected state-owned entities.
The government is also considering barring implicated people and companies from doing business with the state.
Ramaphosa says in addition to those who have already appeared in court, hundreds more and over a thousand businesses will soon face the music.
He says their information has been given to law enforcement agencies.
Watch the full address in the video below.
So far, over 160 people have been implicated and have made appearances in court.
The President says recovered funds are being redirected to affected state-owned entities.
The government is also considering barring implicated people and companies from doing business with the state.
Ramaphosa says in addition to those who have already appeared in court, hundreds more and over a thousand businesses will soon face the music.
He says their information has been given to law enforcement agencies.
Watch the full address in the video below.