Millions in social grant money have been recovered from state employees who did not qualify for the money. The PIC and UIF have lost R1.8 billion in public money through a particularly bad investment. The fourthState Capture Report details how the Guptas seized control of Eskom while the ANC stood and watched. A pro-migrant loppy group has threatened to challenge a law that only promotes South African township businesses.
The South African Social Security Agency has recovered R12.6 million from over 3,000 public servants who have received grants that they did not qualify for. This follows the Department of Social Development stating that it had reinstated the payment of social grants to over 170,000 state employees, which was stopped in September 2021. These payments amount to more than R200 million per month. [The UIF and PIC have effectively lost R1.
[The fourth Zondo State Capture Report has revealed that the controversial Gupta family were instrumental in the appointment of Brian Molefe and Anoj Smith as CEO and CFO of Eskom, respectively. The appointments enabled the Guptas to take over Glencore’s coal mining assets in South Africa. The Commission further found that the ANC had been responsible for relinquishing power to the Guptas. The commission has further questioned if the ANC-led cabinet had flouted Constitutional provisions.
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