Licence To Loot

Licence to Loot is a fast-paced, hard-hitting investigation into parastatal looting, written by journalist Stephan Hofstatter. At the centre of the story is Eskom, the largest power utility in Africa, which could determine the success or failure of South Africa's economy. Hofstatter's story begins in 2016, with the Guptas' controversial purchase of Optimum coal mine and Eskom chief executive Brian Molefe's key role in the deal. From there it takes the reader on a journey from secret meetings in London hotel rooms to a clandestinely purchased bolthole on a Dubai golf estate, uncovering the corrupt acquisition of a private jet along the way. From the diary entries of a Saxonwold security guard to first-hand accounts of backroom dealmaking, it traces the origins of a shadowy network between the Guptas and Eskom that ultimately allowed the family to extract billions of rands from the parastatal. Licence to Loot reveals the complicated deals and machinations underpinning state capture and the subsequent ministerial and board appointments that ceded the control of the country's parastatals, including Eskom, Transnet, SAA and Denel, to Gupta-linked moneymen. The book is particularly relevant in the current political climate as it focuses on the impact of state capture, not just its origins, and takes the story beyond the Zuma presidency.

South Africa was born in war, has been cursed by crises and ruptures, and today stands on a precipice once again. This book explores the country's tumultuous journey from the Second Anglo-Boer War to 2021. Drawing on diaries, letters, oral testimony and diplomatic reports, Thula Simpson follows the South African people through the battles, elections, repression, resistance, strikes, insurrections, massacres, crashes and epidemics that have shaped the nation. Tracking South Africa's path from colony to Union and from apartheid to democracy, Simpson documents the influence of key figures including Jan Smuts, Nelson Mandela, Steve Biko, P.W. Botha, Thabo Mbeki and Cyril Ramaphosa. He offers detailed accounts of watershed events like the 1922 Rand Revolt, the Defiance Campaign, Sharpeville, the Soweto uprising and the Marikana massacre. He sheds light on the roles of Gandhi, Churchill, Castro and Thatcher, and explores the impact of the World Wars, the armed struggle and the Border War. Simpson's history charts the post-apartheid transition and the phases of ANC rule, from Rainbow Nation to transformation; state capture to 'New Dawn'. Along the way, it reveals the divisions and solidarities of sport; the nation's economic travails; and painful pandemics, from the Spanish flu to AIDS and Covid-19.

A compelling account of South Africa’s post-Apartheid democracy At a time when many democracies are under strain around the world, Until We Have Won Our Liberty shines new light on the signal achievements of one of the contemporary era’s most closely watched transitions away from minority rule. South Africa’s democratic development has been messy, fiercely contested, and sometimes violent. But as Evan Lieberman argues, it has also offered a voice to the voiceless, unprecedented levels of government accountability, and tangible improvements in quality of life. Lieberman opens with a first-hand account of the hard-fought 2019 national election, and how it played out in Mogale City, a post-Apartheid municipality created from Black African townships and White Afrikaner suburbs. From this launching point, he examines the complexities of South Africa’s multiracial society and the unprecedented democratic experiment that began with the election of Nelson Mandela in 1994. While acknowledging the enormous challenges many South Africans continue to face—including unemployment, inequality, and discrimination—Lieberman draws on the country’s history and the experience of comparable countries to demonstrate that elected Black-led governments have, without resorting to political extremism, improved the lives of millions. In the context of open and competitive politics, citizens have gained access to housing, basic services, and dignified treatment to a greater extent than during any prior period. Countering much of the conventional wisdom about contemporary South Africa, Until We Have Won Our Liberty offers hope for the enduring impact of democratic ideals.

This timely book points the way towards a new positive regulatory framework for international investment following the failure of the Multilateral Agreement on Investment (MAI). It examines the flaws in free-market strategies underpinning the recent phase of globalization, in particular drawing out the lessons from the MAI, which was suspended in October 1998. The authors explore an alternative based on a positive regulatory framework for international business aimed at maximizing the positive contribution to development of foreign investment and minimizing its negative social and environmental impacts. The contributors include academics, researchers for non-governmental organizations, and business and trade-union representatives, writing from a combination of economic, legal and political perspectives. The book combines academic analysis with grass-roots and practical experience, and suggests concrete policy proposals.

A groundbreaking exploration of US-China relations as seen through the lens of international finance Rising tensions between China and the United States have kept the financial markets on edge as a showdown between the world’s two largest economies seems inevitable. But what most people fail to recognise is the major impact that the financial markets themselves have had on the creation and acceleration of the conflict. In Financial Cold War: A View of Sino-US Relations from the Financial Markets, market structure and geopolitical finance expert James Fok explores the nuances of China-US relations from the perspective of the financial markets. The book helps readers understand how imbalances in the structure of global financial markets have singularly contributed to frictions between the two countries. In this book, readers will find: A comprehensive examination of the development of financial markets in both China and the US, as well as the current US dollar-based global financial system Insightful observations of the roles of technology, innovation, regulation, taxation, and politics in the markets, and on their resulting effect on US-Sino relations Thorough explorations of the role of Hong Kong as an intermediary for capital flows between China and the rest of the world Suggestions for how, balancing the many varying interests, policymakers might be able to devise effective strategies for de-escalating current Sino-US tensions Financial Cold War is a can’t-miss resource for anyone personally or professionally interested in the intersection of economics and international relations, financial markets, and the infrastructure underlying the international financial system.

"Democracy in Nigeria - Thoughts and Selected Commentaries" consists of a series of essays which address a variety of issues bordering on good governance and the stability of the Nigerian state. While the author is optimistic about the future of his nation and proposes measures that can drive its democracy forward, he is unhappy that corruption, in particular, has impeded progress in an otherwise vibrant nation. He believes that proper education and a realistic federal arrangement provide the solution to religious intolerance and all the ills that are associated with it, while a more proactive population can actually tame the monster of corruption if they are genuinely worried that corruption has been responsible for their individual and collective plights.

The central message of this book is that leadership serves as a blueprint to transform Africa into a global powerhouse. There is an urgent need to refocus our efforts on the African Continent and her people, while at the same time forging ahead with democratic, accountable, people-centred, ethical and transparent governance and leadership. Corruption has undoubtedly become a hostile enemy in robbing the poor, violating the trust of the people and eroding the moral fibre of society. Abuse of power, position or office compounded by greed, self-enrichment and acts of dishonesty has dire consequences for mankind, and, as such, each contribution in this book promotes Africa’s vision to sustain humanity and its people, away from social ills such as extreme poverty, distinct inequalities and large-scale unemployment. What is needed is a new generation of bold, passionate, confident, inspiring leaders to make a difference and leave an edible mark in the global arena. This is the fundamental spirit of leadership for the Africa that this book wants and wishes to nurture. We cannot go back and change the past, but we can learn lessons, both good and bad, and change the future towards a bigger, better, and brighter tomorrow!