Zondo Commission: Cash is king in Bosasa's industrial-scale corruption

Loading player...
Sustaining a criminal enterprise requires lots of cash to pay bribes. The Zondo Commission report details how controversial facilities management group Bosasa, almost turned getting their hands on cash into a full-time gig, paying almost R76m to South Africa's corrupt over 16 years.The third tranche of findings to come out of the State Capture Inquiry is divided into four volumes and deals exclusively with various aspects of Bosasa's alleged criminality. In total, the third volume is close to a thousand pages, making it impossible to digest into one explainer piece.Between 2000 and 2016, Bosasa would rake in over R2.3bn in tenders. According to Bosasa's former Chief Operations Officer, Angelo Agrizzi, the company paid out millions in bribes to government officials, ANC heavyweights and functionaries within state-owned entities.In part one of this explainer series on Bosasa, the vast majority of evidence you’ll hear comes from Agrizzi. He spent more time on the stand at the inquiry than any other witness - a total of 13 days. Inquiry Chairperson Raymond Zondo ultimately found that Agrizzi’s evidence is corroborated in various respects by the testimony of other witnesses, documentary and video proof.For the video version of this explainer click here. Learn more about your ad choices. Visit megaphone.fm/adchoices
13 Apr 2022 12PM English South Africa Investing · Business News

Other recent episodes

Rubio’s visa move a blunder: FW de Klerk Foundation appeals to Washington to reconsider

The Trump administration has escalated its pressure on South Africa, with Secretary of State Marco Rubio announcing new visa restrictions over land expropriation laws and racial discrimination against the Afrikaner minority. Christo van der Rheede, executive director of the FW de Klerk Foundation, calls it a profound strategic blunder, one…
18 Sep 9AM 17 min

How Alec Hogg's 45 years in journalism culminated in BizNews and its loyal "tribe"

This interview was livestreamed on Conscious Caracal on 11 September 2026. Find Ernst van Zyl's Conscious Caracal Podcast here: https://www.youtube.com/@UCeNFLCUJ2lM1S_H32ICVs4w Before BizNews, there was a bank job Alec Hogg quit within three years, a company called Moneyweb he built from a room above his garage and then lost control of,…
18 Sep 9AM 49 min

Corné Mulder says SA could have a new government before 2029

South Africa just joined a short and unflattering list of countries facing individual US visa restrictions, and Freedom Front Plus leader Corné Mulder says he saw it coming from a manifesto launch stage days before it happened. He tells Alec Hogg why he thinks Cyril Ramaphosa's habit of avoiding decisions…
17 Sep 10AM 28 min