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RE: Governance matters! South Africa's mess, and why the blockchain could help

in #news8 years ago

It's remarkable that an Indian family who immigrated to South Africa twenty-odd years ago - and sold shoes out of the trunk of their car to make a living - has managed to "capture" the state - including the President and a number of cabinet ministers as well as large swathes of business. It takes, of course, two parties to do the corruption tango, and the government side has been more than ready to dance.

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Interesting that UK anti-corruption legislation now focuses on getting companies to report on how they prevented corruption from happening (many countries take a more mitigating approach, such as requiring an extortion register which enables staff to report on situations where e.g. they felt their lives were in danger and they had no choice but to pay the sum demanded).

and how interesting everything looks now