The conclusion of the Zondo report has been handed over to President Cyril Ramaphosa and made public.

This is the last of the Commission of Inquiry into State Capture‘s reports and is spread over two volumes, six parts (chapters), and nearly 6000 pages.

In these two volumes the following findings were made: 

  • Duduzane Zuma should be investigated for potentially facilitating acts of corruption, or failing to report corruption, by allegedly being present when Tony Gupta offered bribes to Mcebisi Jonas, Mxolisi Dukwana, and Vusi Kona.
  • President Zuma enabled, indirectly, the members of the Gupta family as businesspeople to occupy a place of prominence over other businessmen, to the detriment of the empowerment legislative imperative of the Republic of South Africa.
  • The [ANC] Top Six, which directed the ANC to engage with the banks at the behest of [the Gupta company] Oakbay included President Zuma and Deputy President Ramaphosa [and] furthermore, the ANC, in this case, was acting knowingly in concert with Cabinet in this unlawful intervention into the affairs of the banks
  • President Ramaphosa had to tread carefully as he was in the minority, or at least did not have enough power to prevail. The natural conclusion is that, during this period, the most dominant political faction – the ANC under President Zuma – permitted, supported, and enabled corruption and state capture…Considering the dire straits we find ourselves in, the effectiveness of President Ramaphosa’s decision to remain within the state and party is not a given.
  • Jacob Zuma and former state security minister Siyabonga Cwele halted an investigation by the Hawks into Arthur Fraser (former spy boss) enabling him to later be appointed director-general of the State Security Agency and correctional services commissioner.
  • In light of the evidence and the background surveyed, it was difficult to accept that President Jacob Zuma did not know about the Waterkloof landing before it happened.
  • The evidence has revealed, quite clearly, that neither the ANC leadership, the National Executive, nor the Portfolio Committee on Transport wanted to assist this board in its fight against corruption at Prasa.
  • Money-laundering networks became more sophisticated over time. To begin with, the Gupta enterprise externalised its state capture profits with extremely simple money-laundering devices: domestic Gupta companies that received irregular contracts with the South African State would transfer the benefits of those contracts directly into Gupta companies in the UAE, whereafter they would circulate through offshore Gupta enterprise accounts before being reintroduced to Gupta companies in South Africa.
  • Despite these obvious signs of money laundering which were present from December 2014, HSBC Hong Kong allowed the Tequesta and Regiments Asia accounts to continue operating until well into 2017, long after all of the payments from the Chinese locomotive companies had been dissipated in full and the HSBC accounts had become empty shells with the Gupta Enterprise having redirected kickbacks from the Chinese.
  • Chief Justice Zondo recommended that the Hawks reconsider a resumption of the criminal investigations involving Arthur Fraser relating to the controversial covert Principal Agent Network project.

This is how the State Capture Report is divided:







President Cyril Ramaphosa has promised that there will be real-time audits done of all state funds allocated to the victims of the recent floods.

Addressing a joint sitting of Parliament on Tuesday, 26 April, Ramaphosa said it’s disappointing that the public debate in the immediate aftermath of the disaster was that government officials would loot the disaster relief funds. “It is a great source of shame that when this disaster struck, the most burning public debate was around fears that the resources allocated to respond to this disaster would be misappropriated or wasted.”

Ramaphosa assured Members of Parliament that they will not tolerate corruption: “Working together with National Treasury, the Auditor-General will conduct real-time audits on the emergency flood relief funds. This will provide independent assurance on whether public funds have been appropriately accounted for and were used for their intended purpose.”

“These audits aim to prevent, detect and report on the findings to ensure an immediate response to prevent leakage, potential fraud, and wastage.”

While opposition parties criticized Ramaphosa and the national government’s response to the tragedy, the President insists at this time of mourning; government is doing all it can to assist flood victims.





The African Development Bank (ADB) this week committed US$2.8 billion to South Africa at the 4th Investment Conference.

The pledge was made by the Bank’s President Akinwumi Adesina.

Adesina says the funds will be allocated toward public and private sector investments.

Adesina says the funds will be prioritised, over the next 5 years, towards the country’s most important economic sectors.

Read more here.

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