International Banks and Law Firms Are at the Heart of South Africa’s Corruption

In South Africa, corruption is called state capture. A new report by Shadow World Investigations reveals how world bankers, lawyers, and accountants manipulate politicians. We speak with Andrew Feinstein, the report’s author.

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36 thoughts on “International Banks and Law Firms Are at the Heart of South Africa’s Corruption

  1. The UN's sanctions against SA had nothing to do with apartheid and everything to do with enslaving a nation and stealing it's resources.

  2. The United Nations Human Development Index Adjusted for Inequality ranks South Africa as one of the most unequal societies in the world. Japan ranks as the most equal in income, scoring 6.3, most of Europe scores between 11 and 17, the U.S. scores 26.6, Mexico and Brazil score 36, and South Africa scores 57. Namibia and Comoros score above 50. In the traditional Gini score it also ranks highest, among 189 nations, meaning most unequal. But since it ranks 113th out of 189 it has more resources for a higher rank than 76 other countries. They have normalized abject poverty when they have the means to eliminate poverty. Nations and people get that way, the well-off reject the idea of lifting up neighbors through democracy. Venezuela under Chavez was/is the best example of reversing that problem. Glancing at the rest of Latin America, Venezuela's score for income inequality is lower (better) than all its neighbors, but still not in the range of European nations. See here: http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi

  3. I'm consistently amazed that some of the best international news reporting comes from a small organization out of Baltimore.

  4. People are wrong if they think the banks, legal system, police, accountants, insurance companies, corporations, reflect the US and the UK experience under the two last nations of earth of Anglo-Saxon Capitalism, to the contrary, the rest of the world of western nations mimic the class and social structure that oppresses the working classes in the US and and the UK as their model for economic development.

  5. As a South African, I truly believe that the ANC is going to lose the next national election if they dont get their sh@# together. Ramaphosa we do not need a privatisation process in which our nations assets are sold off to entities, that we the citizens, have no control in. We need bold leadership, transparency, convictions and solutions to our self-inflicted problems

  6. The intire worlds rich are just dishonest people. Taking advantage of the less fortunate people.

    THE ARMS INDUSTRY ALWAYS gets their money money money.
    CORRUPTION is every where you turn. . Always the lies for business's.
    Keep the people down. ……..they never have enough!!!!!!!
    THEY ARE NEVER VICTIMLESS. JUST POOR!!!!!
    SOLIDARITY SEEMS TO BE THE ONLY WAY. ………
    UNFORTUNATELY the rich may have too share the power……..
    The rich won't give it to us…..
    Some how we must take it……..that's not a threat. Just inevitable if the POLLUTERS are not held to account for Climate crisis that IS COMING for us all!
    After the oil, gas, arms dealers, banks have taken our natural resources. Left us to suffer the results!
    Anything for money….ya capitalism ….when your stepping on our necks…..
    ENOUGH CORPORATE SOCIALISM!!!!!!!! The planet is I at stake now! 🤔

  7. Sounds like their rich people have learned from other countries…..How to cheat lie keep the people poor.
    They have their own rich brothers……out to manipulate all the money and power.

  8. Buy FairTrade and sustainably-sourced chocolate only. That's the real price of chocolate. If can't afford it, then don't buy chocolate at all. Stop funding oppressors and baby-killers like Nestle.

  9. Same thing's happening in the U.K. Government contracts, publicly-owned properties and publicly-owned land have been sold off to party donors, friends, and businesses the lawmakers wish to enter after their political careers.

  10. South Africa is a better democracy than US. They have been able to force the criminal president to court. Marvelous

  11. It should be Vatican/International Bankers/Militarists, Manufacturers because they are in their controlling peoples thru faulty religious doctrines likened to adulterated "wine" Revelation 18:1-3 and they are drunk, blinded: and the Green Beret control/guard the most important natural resources $$Billions , especially water underground like South America and the Bush family property bordering thousands of acres with underground aquafier, maybe the largest known. Africa has a vast reserve of resources like the $$Trillions in North Korea. Its all about pride selfishness lies deceit murder IN ORDER TO CONTROL and live "luxuriously" with the Rome papal vatical.babylon Mother system Rev.13:15-17 using the U.N.advising Verse 18 = 666 Rev.17:1-3,*5,11, it sits* on all peoples, nations *controls by ideas, and cia, military force….Luke 4:5,6 lucifer in the head controller temporarily…2Cor. 11:13-15

  12. "State Capture" aptly describes the effects of Capitalism on all democracies!
    Also, I have personally experienced the perversion of US law enforcement due to regulatory capture, when the perverse financial interests of an adoption agency that had captured the regulatory functions of California Social Services & Los Angeles Department of Family Services to maximize their own profits by stealing children and billing biological parents.
    En.wikipedia.org/wiki/Regulatory_capture

  13. Its like one of his Zuma's mates. Shabby Shake. Who did not do his prison term as he was supposed to be sick and dying. YET years later he is still out doing his stuff and living an enjoyable life. Why was he not put back in jail, to finish his sentence. They say they are "old". There are other "old" and sick" prisoners and have not been let out of prison. Double standards. One for the corrupt and rich and one for the poor. This has been going on for years since the took over the "government". The "white government may also have done corrupt deals, YET the countries infrastructure and law still operated efficiently. As for the Gupta brothers they have as with many corrupt ministers, businessman, and government are still at enjoying their riches at the expense of the poor on this country. The rest of Africa is the same. The " black South Africans needs to understand the "corruption" by their appointed leaders, (like Mugabe and others) who asked them to vote for them, making "promises", they knew they could NOT KEEP, and blamed it on the " white South Africans, we also worked hard to build up this country not just our "black African" workers. There was enough finance, to increase agriculture, services, education health and housing complexes, to meet the ALL citizens of this country, if the corruption had NOT occurred.

  14. The continent of Africa has been intentionally destabilized for hundreds of years by foreign powers like the US and UK because of it’s immense valuable natural resources. Everyone likes to blame it on the African citizens instead of seeing who takes advantage of them.

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