Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn.
Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term.
He says there was an estimated loss of R140bn due to taxes lost and now having an impact on the economy.
He also points out that government debt would also have been 49% less, amounting to R250 billion.
The amount lost in the latter half of Zuma’s regime is greater than Eskom’s total debt burden.
In response to the interview that appeared in Business Day, a businessman from Pretoria was merely saying, “Zuma, you bastard.”
Read the original article in Afrikaans on Die Vryburger
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