Let’s talk business: not only the state is corrupt

Ideas

Let’s talk business: not only the state is corrupt

We’ve been trained in SA to draw a neat line between the state on the one hand and the private sector on the other

Columnist

The revelation that Zweli Mkhize’s family allegedly ploughed R1m of Digital Vibes loot into two beauty salons has been treated as a minor, and therefore transitory, scandal. Which is a pity, since it offers an almost perfect example of what the kids call a “teachable moment”.

According to the report by the Scorpio investigative team, Sthoko Mkhize ploughed R650,000 into a Tammy Taylor Nails franchise in Pietermaritzburg and another R446,000 into a new salon called Gold Ace Cuts and Curls.

By modern SA standards, the figures are comically tiny. If they are ever mentioned in the annals of state capture, they will surely be a footnote of a footnote. If you accept that R500bn was stolen over 10 years, at an average rate of R5.7m an hour, the amount that launched Gold Ace Cuts And Curls is about five minutes’ worth of looting...

This article is free to read if you register or sign in.

Sunday Times Daily

If you have already registered or subscribed, please sign in to continue.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Next Article

Previous Article

Piracy surge off West Africa is great news for SA boat builder

By Antony Sguazzin and Paul Vecchiatto
2 min read