The ANC’s “Mafia State” is robbing the economy of at least R155 billion a year - Dr Dion George

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Organised crime syndicates are bleeding South Africa’s national economy of R155 billion a year - and that number is “significantly understated”. That is according to Democratic Alliance (DA) Shadow Minister of Finance, Dr Dion George. He gives this breakdown: Construction mafia - R17 billion; Infrastructure vandalism and arson - R47 billion; ESKOM’s organised crime networks R12 billion; Kidnapping and extortion syndicates - R146 million; Illicit economy, specifically drugs and guns - R13.6 billion; Wildlife syndicates - R1.2 billion; Illegal mining networks (Zama Zamas) - R14 billion; Tender corruption - R30 billion; and the Tobacco and cigarettes Mafia - R20 billion.” He calls on Government to make organised crime a priority - and to stop wasting resources on “never-ending bailouts to basically bankrupt entities”.  Dr George says South Africa is only on its knees because the government has chosen the wrong economic policies.
28 Sep 2023 12PM English South Africa Investing · Business News

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