Discover and read the best of Twitter Threads about #eoh

Most recents (3)

1. We all saw the #destruction caused by visible #looting in #SAUnrest & communities are reeling from the impact. But about 1000 times of what it will cost to repair last week’s damage, was “invisibly” looted through #StateCapture & #corruption. Here are some highlights
2. According to @ShadowWorldInv1 the #ArmsDeal of the 1990’s cost SA an estimated R2,2 billion looted to pay bribes and kickbacks. To date nothing has been recovered. Money that could have changed the poor’s lives wasted on #GrandScaleLooting.
3. In 2015 @CompComSA found #construction companies #GroupFive, #WBHO, #BasilRead, Murray&Roberts, #Aveng & #StefanuttiStocks guilty of #colluding when building 2010 FIFA World Cup stadiums. This added R14 billion to construction costs. (Your taxmoney!)
Read 22 tweets
"Yours in democracy, Geoff Makhubo"

Another instant 2020 classic!

But seriously: It is outrageous for political parties to solicit donations from companies that received contracts in the municipalities they govern. It happens all the time but it's still an abuse of power...
It's also outrageous for the regional treasurer of a political party to also hold a sensitive post in government, with influence over a pot of public money.

Everything coming out about #EOH at the Zondo Commission yesterday makes the case for transparent political party funding.
A reminder that the Political Party Funding Act is now law. But that ANC treasurer Paul Mashatile wants Parliament to "re-look" at the Act, specifically:

- limits on how much the private sector can donate
- disclosing the names of significant donors…
Read 7 tweets
Some powerful statements from #EOH CEO Stephen van Coller this morning the Zondo Commission:

“Complex corporate structures. If there’s a reason you can’t understand a company, there’s a reason you can’t understand it ... I wouldn’t invest there, personally.”

“It’s so interesting that a few rogue employees can make such a difference to 10 000 people’s lives. The problem is they take the money and run off. Maybe this is a problem with capitalism ... the legal entity remains with all the problems even though the money is gone.” #EOH
#EOH CEO Stephen van Coller’s message to corporate South Africa:

“It does take two to corrupt ... It’s so easy to blame the government... People say, ‘We have to do it, it’s the way you do business.’ I think that’s nonsense."
Read 5 tweets

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