Economy News South Africa

State Capture report highlights the economic and investment risks of a failed and looted government

The word 'investment' appears 11 times in the 874 pages of the Judicial Commission of Inquiry into State Capture Report: Part 1. Y
Source: Pexels

Yet the document will be scrutinised closely by the investment community and it lays bare a salient fact: a captured state is a failing state, and a failing state is the biggest deterrent there is to investment.

The business and investment community struggles daily with the consequences of the State Capture era. “Bulk commodity exporters have … experienced an opportunity cost of at least R30bn because of the inability by Transnet to provide a contracted service to deliver iron ore, coal, chrome and manganese to the ports,” Minerals Council South Africa, the main industry body representing the mining sector, noted on Thursday.

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