British Lord vows to haunt “State Capture” corporate

Loading player...
British Lord Peter Hain has vowed to continue to “haunt” and pursue State Capture-implicated company Bain. Speaking to BizNews from the House of Lords after the British government decided not to re-suspend Bain from getting government contracts, Lord Hain says: “I would like every government in the world, because they do a lot of work for governments and the public sectors in the countries in which they operate generally, I would like them to be suspended from that work. Their global reputation is already toxic because of their complicity in this…State Capture disaster for South Africa, which set the country back so far and from which you're still trying to recover.” Lord Hain says there needs to be an admission in the business community of its culpability. “…the reason I'm so passionate about this is it wasn't just the politicians that were guilty. It takes two to tango. And it was the businesses who paid the bribes, who paid the backhanders, who did the soft audits… who did the whitewash reports…”
23 Jan 7AM English South Africa Investing · Business News

Other recent episodes

Ian Cameron: 10-Point plan to fight farm attacks

The Democratic Alliance (DA) has drawn up a 10-point plan to deal with farm attacks. In this interview with BizNews, Ian Cameron, the DA spokesperson on Police, says the plan will be submitted to the Minister of Police “and there's a lot of engagement ahead of us regarding rural safety”…
9 Jun 10AM 7 min

Heavy handed regulators ground small airplanes, helicopters, put 300 000 jobs at risk

A sudden policy shift by South Africa’s Civil Aviation Authority threatens to ground over 1,400 light aircraft, cripple aviation training and tourism, and unravel an entire industry ecosystem. Experts warn that a rigid, unconsulted engine overhaul rule could devastate local aviation, all under the guise of safety - despite a…
9 Jun 7AM 18 min

Helen Zille: How a Mayor Zille will rescue Jo’burg

The possibility of Democratic Alliance (DA) Federal Council Chairperson Helen Zille as the next Mayor of Johannesburg has the country talking. In this interview with BizNews, Zille says although she has not yet made up her mind, she is “tending in the direction of doing so”. If she were to…
9 Jun 6AM 9 min

The Sunday Show - Neil de Beer: “Economic genocide” - by the “twats” in Government

In his latest Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), likens the “unraveling” of South Africa’s economy to “economic genocide”. He says the country’S BEE and related laws do not constitute a “package of investment”, but a “hand grenade….that will explode economically”…
8 Jun 7AM 29 min