HomePoliticsGeneral NewsGordhan Says Recovery From Extent Of State Capture Damage Won't Happen Overnight

Gordhan Says Recovery From Extent Of State Capture Damage Won’t Happen Overnight

He also stressed that merely replacing the board of these entities will not be sufficient to address the underlying issues. The extent of the damage requires a more comprehensive approach.

Public Enterprises Minister Pravin Gordhan has emphasized that the recovery from the impact of state capture will be a time-consuming process and will not happen instantaneously.

Speaking at a briefing to the National Council of Provinces’ select committee on public enterprises and communications, Gordhan highlighted the logistical challenges faced by struggling parastatal Transnet as a clear example of the damage caused by state capture.

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Gordhan and his department provided an update on the progress made in implementing the recommendations of the Zondo Commission.

He acknowledged that state capture, which took place over several years, had resulted in significant value chain damage. While not all state-owned enterprises were affected, entities such as South African Airways and Eskom bore the brunt of theft and corruption.

According to Gordhan, the process of fixing the damage caused by state capture will not be quick or easy. He explained, “These are the value chain damages that have been caused by state capture.

Recovery from state capture is not an instantaneous process.” He also stressed that merely replacing the board of these entities will not be sufficient to address the underlying issues. The extent of the damage requires a more comprehensive approach.

The Department of Public Enterprises has identified the need to prevent individuals implicated in state capture from obtaining employment in other state entities. By doing so, they aim to protect these institutions from further harm and ensure that those responsible for the damage are held accountable.

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State capture refers to the systematic corruption and misuse of state resources by individuals or groups to advance their own interests. It often involves the capture of key institutions and the manipulation of policies and processes for personal gain.

The consequences of state capture are far-reaching, affecting not only the organizations directly involved but also the wider economy and society as a whole.

Gordhan’s acknowledgment of the time and effort required for recovery is a realistic assessment of the challenges ahead. Rebuilding trust, restoring good governance, and implementing effective measures to prevent future corruption are complex tasks that cannot be accomplished overnight.

One of the key steps in the recovery process is identifying and holding accountable those responsible for state capture. This requires a thorough investigation and legal proceedings to ensure that justice is served.

Additionally, measures must be put in place to prevent individuals implicated in corruption from re-entering positions of power or influence.

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Another crucial aspect of the recovery process is implementing reforms and strengthening institutions to prevent future instances of state capture.

This includes improving transparency, accountability, and oversight mechanisms, as well as promoting a culture of ethical behavior and integrity within the public sector.

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Ntuthuko Gumede for SurgeZirc SA
Ntuthuko Gumede for SurgeZirc SA
In the fast-paced world of politics, staying informed is crucial. Ntuthuko Gumede, a renowned journalist, has been making waves with his insightful and thought-provoking political news articles on SurgeZirc SA. With his expertise and dedication to reporting accurate and unbiased information, Gumede has become a trusted source for political analysis.
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