Depending on which report you read, South Africa has either the third or sixth highest crime rates in the world in 2023.
Either way, it’s pretty shocking.
We rank worse than many countries associated with violent drug cartels, such as Mexico and Colombia.
That’s how long it took the Prudhoe community to win their case in the Land Claims court and gain access to their ancestral land.
There are probably several well-worn Biblical-wrath-style platitudes you could successfully apply to Mirror Trading International’s (MTI) founder and CEO Johann Steynberg:
By definition, “too big to fail” is usually applied to banking and finance corporations. Federal Reserve Chair Ben Bernanke defines a too-big-to-fail company as “one whose size, complexity, interconnectedness, and critical functions are such that, should the firm go unexpectedly into liquidation, the rest of the financial system and the economy would face severe adverse consequences.”
It took over four years, 300 witnesses, 3 170 summonses, 8 655 530 pages of documents and approximately R1 billion worth of taxpayer’s money to investigate and report on allegations of State Capture, corruption and fraud in the public sector.
Doing business in South Africa has always been a bit of an extreme sport, but in the light of our recent greylisting by the FATF, things might just have become even more hazardous.
Former Eskom CEO Andre de Ruyter may no longer be at the helm of our labouring power utility, but he clearly still knows how to make sparks fly.
Paul Valèry, a French poet born in 1871, said that we are able to articulate our fears in detail, but our hope is vague. The reason is; fear is evidence-based and we feel it more keenly. We have seen and experienced the atrocities of this world to fill us with utter and complete fear.
In a desperate attempt to keep South Africa off the Financial Action Task Force (FATF)’s Grey List, the South African Government, via the Department of Finance, recently announced the implementation of the new General Laws Amendment Act.
One thing I’ve learned since starting to write articles like this is that you can always find a relevant quote to support whatever it is you’re writing about.