Thread by @twieterazzi

The State Capture Narrative. A lot of questions

[A thread]

In February 2009 just before President Zuma took office at the height of world economic crisis, Minister Trevor Manuel announced a budget of R834 billion.

In May 2009 after elections Zuma would appoint Pravin Gordhan

Between May 2009 and May 2014, as Minister of Finance Pravin would preside over government expenditure worth more than R4.4 trillion broken down as follows
2009/10 - R 747 billion
2010/11 - R 805 billion
2011/12 - R 889 billion
2012/13 - R965 billion
2013/14 - R1.05 trillion

Between 2014/15 and 2017/18 when Zuma resigned, government expenditure would total a further R 5 trillion as follows:

2014/15 - R 1.13 trillion
2015/16 - R 1.24 trillion
2016/17 - R 1.3 trillion
2017/18 - R 1.4 trillion

Basically during the period now known 9 Wasted years, government expenditure was in excess of R 9 trillion.

It is during this period that the chattering class have crafted a narrative of the state having been captured by an Indian family.

We were also told the dots were joined.

I don't need to spend days telling you the narrative and angles but this is what was canvassed in the main:👇🏿

https://twitter.com/KathradaFound/status/1413786584000905217?ref_src=twsrc%5Etfw

Prof Madonsela is 1 who crafted the narrative of state capture in her PP report which led to Zondo Commission being established.

After years of investigation we now learned that the Gupta empire had contracts worth R57 billion during 9 wasted years

https://twitter.com/KathradaFound/status/1413776463774498818?ref_src=twsrc%5Etfw

We have also learned that the Guptas earned in excess of R 16 billion during the 9 wasted years

That means on average they had contracts worth R6.3 billion per annum and also earned R 1.78 billion per annum

https://twitter.com/KathradaFound/status/1413779731741298690?ref_src=twsrc%5Etfw

Now to make this easier to understand. Over R 9 trillion was spent during the 9 wasted years. That's on average R 1 trillion per annum.

Of this, the Guptas had contracts worth 0.63% per annum & earned 0.178%

Now perhaps it would be better if you made me understand what happened to the rest of the R 9 trillion during the 9 wasted years because clearly the Guptas earned less than 1% of that.

In capturing the state they only managed to earn R 16 billion in a R 9 trillion universe.

At the end of the State Capture Commission of Inquiry, will Zondo ACJ be able to tell us who really, really, truly, verily captured the state because evidence does not support the notion of the Guptas having captured the state.

Unless perhaps we are not getting the full story.