Firms that enabled state capture should pay reparations – Dr Iraj Abedian

Date:

Firms that enabled state capture should pay reparations – Dr Iraj Abedian

The Money Show interviews economist Dr Iraj Abedian, CEO of Pan-African Investment & Research Services.

© rawpixel/123rf.com

  • State Capture
  • The Money Show
  • Bruce Whitfield
  • Corruption
  • McKinsey
  • Pay back the money
  • State capture report
  • Dr Iraj Abedian
  • Reparations
  • Zondo report
  • Motheo Khoaripe
  • State capture reparations

Pay back the money!

The South African clarion call has been heard since the Zuma era with regard to money obtained through corrupt means.

The release of the Zondo Commission’s final State Capture Report has put the issue firmly back in the spotlight.

RELATED: McKinsey claims ignorance – agrees to pay back R870 million to Transnet

Respected economist Dr Iraj Abedian is proposing that not only government officials but companies involved in enabling state capture should be held accountable.

The CEO of Pan-African Investment & Research Services says these firms should pay “reparations” for the economic damage they helped wreak on the country.

Related stories:

State capture report: NPA has enough work for next 10 years

Cope lays criminal charges against Arthur Fraser

NPA creates State Capture task force after Zondo highlights its failings


Motheo Khoaripe (in for Bruce Whitfield) interviews Dr Abadian and asks how the amount these companies are liable for would be calculated.

The calculation has got to be a matrix of what they have stolen… I heard you say ‘what they earned’ – they haven’t earned anything; they’ve just stolen outright, daylight robbery, all of them…

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Dr Abedian says these companies should also have to pay for the damage they caused to the economy.

He reminds listeners that back in 2010 South Africa was rated an investment grade destination.

… one notch above, one of the best emerging economies with one of the most sound fiscal conditions, before these thieves – both politicians and corporates (local and international) – laid into Eskom, SAA, Transnet, and it goes on and on and on…

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Reparation therefore, from a political economy point of view, deals with the damages caused, not just the money stolen.

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Listen to Dr Abedian’s passionate argument on The Money Show:

,

Firms that enabled state capture should pay reparations – Dr Iraj Abedian

The Money Show interviews economist Dr Iraj Abedian, CEO of Pan-African Investment & Research Services.

© rawpixel/123rf.com

  • State Capture
  • The Money Show
  • Bruce Whitfield
  • Corruption
  • McKinsey
  • Pay back the money
  • State capture report
  • Dr Iraj Abedian
  • Reparations
  • Zondo report
  • Motheo Khoaripe
  • State capture reparations

Pay back the money!

The South African clarion call has been heard since the Zuma era with regard to money obtained through corrupt means.

The release of the Zondo Commission’s final State Capture Report has put the issue firmly back in the spotlight.

RELATED: McKinsey claims ignorance – agrees to pay back R870 million to Transnet

Respected economist Dr Iraj Abedian is proposing that not only government officials but companies involved in enabling state capture should be held accountable.

The CEO of Pan-African Investment & Research Services says these firms should pay “reparations” for the economic damage they helped wreak on the country.

Related stories:

State capture report: NPA has enough work for next 10 years

Cope lays criminal charges against Arthur Fraser

NPA creates State Capture task force after Zondo highlights its failings


Motheo Khoaripe (in for Bruce Whitfield) interviews Dr Abadian and asks how the amount these companies are liable for would be calculated.

The calculation has got to be a matrix of what they have stolen… I heard you say ‘what they earned’ – they haven’t earned anything; they’ve just stolen outright, daylight robbery, all of them…

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Dr Abedian says these companies should also have to pay for the damage they caused to the economy.

He reminds listeners that back in 2010 South Africa was rated an investment grade destination.

… one notch above, one of the best emerging economies with one of the most sound fiscal conditions, before these thieves – both politicians and corporates (local and international) – laid into Eskom, SAA, Transnet, and it goes on and on and on…

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Reparation therefore, from a political economy point of view, deals with the damages caused, not just the money stolen.

Dr Iraj Abedian, CEO – Pan-African Investment & Research Services

Listen to Dr Abedian’s passionate argument on The Money Show:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

US inflation eases ‘but you’re still looking at successive rate hikes’

US inflation eases 'but you're still looking at successive rate hikes' Paula Luckhoff | The Money Show's Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management. Rand The Money Show Bruce Whitfield Dollar Interest rates Inflation Exchange rate Kevin Lings Us fed Energy prices US inflation Email Print Tweet Share - US inflation eased slightly

For many women in SA, keeping a job more important than asking for higher pay

For many women in SA, keeping a job more important than asking for higher pay Paula Luckhoff |  Motheo Khoaripe talks to unlearning expert Zanele Njapha (TomorrowToday) about the gender pay gap in South Africa. The Money Show Bruce Whitfield Gender pay gap Equal pay TomorrowToday Zanele Njapha Banyana Banayana Motheo Khoaripe Income disparity Pay disparity

With another fuel price hike expected, DA proposes changes to regulations

With another fuel price hike expected, DA proposes changes to regulations There's speculation that we could be paying close to R25 for a litre of 93 octane from Wednesday. © bizoon/123rf.com Fuel price increases Democratic Alliance DA Email Print Tweet Share Buhle Mbhele | 38 days ago JOHANNESBURG - Political parties and civil society continue to challenge

Govt urged to cut red tape and implement plans to see an end to power cuts

Govt urged to cut red tape and implement plans to see an end to power cuts The latest round of blackouts followed a wildcat strike but experts say that the system used to power the country was under strain anyway. Picture: 123rf.com Eskom Load shedding Renewable energy Email Print Tweet Share Ray White | 38 days ago