In 2015, the government said that the programme would have cost about $100 billion (about R1.45 trillion), a cost which many considered unsustainable and which rating agencies later said had contributed to South Africa’s credit downgrades.
How much money did the South African government steal?
The government estimates that in total more than 500 billion rand was stolen from its coffers during Zuma’s nine-year rule, which ended in 2018.
How much is zumas house worth?
The use of public funds to make improvements to the compound, which were said to be for security reasons, which cost over R246 million led to significant media coverage and political opposition.
How much is Ramaphosa worth?
Ramaphosa is known to be one of the richest people in South Africa, with an estimated net worth of more than $450 million and has appeared in financial magazines such as Forbes Africa and Bloomberg.
Was Zuma trialed?
A South African court on Tuesday rejected an application by former President Jacob Zuma to have the attorney general dismiss his corruption trial in connection with a 1999 arms deal with five European companies. … He therefore gave Zuma a date of April 11, 2022 for the resumption of this long trial.
How much has South Africa lost to looting?
People across South Africa are surveying the damage caused by the politically triggered riots. The city of Durban has estimated over $1 billion in damages and lost goods, which, along with 129,000 jobs at risk, could amount to a $1.4 billion hit to the port city’s gross domestic product.
How much does a RDP house cost?
An Average RDP house is around 50 square meters and is built for around an average cost of R1 500 per square meter.
When did Zuma became president?
The ANC won the national election on 22 April 2009 by a slightly diminished majority of 65.90%, with Zuma having campaigned under the theme “Continuity and Change.” His appointment was formalised by Parliament on 6 May, and he was sworn in as President of South Africa on 9 May 2009.
Where do the Guptas live?
The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993 to establish Sahara Computers. The family was based at the Sahara Estate in Saxonwold, Johannesburg, a compound comprising at least four mansions, until 2016 when they left South Africa for Dubai, United Arab Emirates.