The Eskom Roots Of The Construction Mafia

Loading player...
The roots of South Africa’s Construction Mafia reach all the way back to the extensive site disruptions around payment issues at the Madupi and Kusile projects for ESKOM. This emerges from an interview with Construction lawyer Euan Massey who says regulations released in 2017 opened up a door for illicit organisations to use what had happened previously in terms of site disruption to demand payment from contractors and from developers and subcontractors in the construction industry on the premise that it was a government requirement that they be paid 30% of the contract value. Their modus operandi involve extortion, violence, and even murder. Meanwhile details about the alleged involvement of government officials and crooked cops in the Construction Mafia emerged at a webinar this week with the Minister of Public Works and Infrastructure Sihle Zikalala and industry experts. The Minister says a special task force to  deal with the Construction Mafia is being established - and at least 605 suspects have been arrested. Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Jul 2023 10AM English South Africa Investing · Business News

Other recent episodes

From Pretoria to the world: How hearX’s De Wet Swanepoel took hearing care global

With one in five people in the world suffering from hearing loss, hearing care remains one of the least accessible areas of healthcare globally. A South African innovation led by University of Pretoria professor De Wet Swanepoel has helped to change that reality, using smartphones to take hearing screening, diagnostics…
20 Mar 9AM 19 min

BNC#8 Piet Viljoen - Survive first, profit later: Why history beats prediction in investing

Piet dismantles the myth of market prediction, arguing that success comes from judgment, discipline, and respect for history. Drawing on timeless lessons, he reveals why human behaviour drives cycles, why diversification and liquidity matter, and why survival beats brilliance. In a world obsessed with forecasts, this approach focuses on resilience,…
20 Mar 5AM 27 min