South Africa: ACSA goes after state capture colluders in bid to recover costs

Are we finally seeing serious intent behind South Africa’s slow walk to accountability?

Attempts to recover cash looted under the Zuma era have been thin on the ground. However, the Airports Company of South Africa is pioneering efforts to claw back some of the money stolen from South Africa’s large state-owned enterprises.

“Yes, ACSA has been in communication with the parties mentioned above [Nedbank, Phetolo Ramosebudi, and former Regiments Capital executives Eric Wood and Niven Pillay],” Ntsonkota tells The Africa Report, detailing the efforts made to recover money looted from the company.

“In certain circumstances, some initial engagements have taken place about the recovery of the costs. In the next couple of weeks, ACSA expects to have consulted all the parties, including the ones that are yet to be consulted,” Ntsonkota says.

Part 1 of the Zondo reports details how the former