[Civsoc-mw] fyi. new analysis of SA Political economy

[Diana Cammack]

It has been argued in this report that from about 2012 onwards 

the Zuma-centred power elite has sought to centralise the control 

of rents to eliminate lower-order, rent-seeking competitors. 

The ultimate prize was control of the National Treasury to gain 

control of the Financial Intelligence Centre (which monitors illicit 

flows of finance), the Chief Procurement Office (which regulates 

procurement and activates legal action against corrupt practices), 

the Public Investment Corporation (the second largest shareholder 

on the Johannesburg Securities Exchange), the boards of key 

development finance institutions, and the guarantee system (which 

is not only essential for making the nuclear deal work, but with a 

guarantee state entities can borrow from private lenders/banks 

without parliamentary oversight). The cabinet reshuffle in March 

2017 has made possible this final control of the National Treasury.

 

 

http://pari.org.za/wp-content/uploads/2017/05/Betrayal-of-the-Promise-25052017.pdf

 

 

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