Report reveals how ANC secret service scuppered recovery of R200bn-worth of apartheid-era loot.
Nearly two decades after the South African government was briefed on how extensive the dying apartheid-era’s looting was, nothing has yet has been recovered.
What is known on this matter is largely the result of the secret Ciex Report, dubbed Project Spear, which was completed in 1999 on instruction of then deputy president Thabo Mbeki and the head of the South African Secret Service, Billy Masetlha. In it, the London-based investigations company, headed by former senior British intelligence officer-turned-consultant Michael Oatley, provided the government with an itemised blueprint on how to reclaim the hidden money.
Since then South Africans have watched how this matter, with approximately R200 billion believed to have been stolen, has been pushed from one hearing to another; each saying the same thing – the state was looted but going after the perpetrators is too risky and costly. ...