South African Trade Publisher of the Year 2016 & 2017

Search for your favourite author or book

Licence to Loot

ISBN 
9781776093120
Format 
Paperback
Recommended Price 
R260.00
Published 
September 2018
About the book: 
Eskom, the giant power utility that drives the economy, holds the key to inclusive growth and shared prosperity in South Africa. Instead it has become the site of corruption so rampant that it threatens the entire country’s wellbeing.
 
Award-winning journalist Stephan Hofstatter’s hard-hitting investigation traces the genesis of the Eskom looting spree from Transnet, where the blueprint for parastatal plunder was developed and refined with the help of top-dollar consultancies. From there he explores how the Gupta family extracted billions in suspected kickbacks from state contracts and scored hugely inflated coal contracts from backroom deals, and examines how Eskom’s top brass enriched themselves and their families at the power utility’s expense.
 
Licence to Loot  delves into the secrets of the fixers, deal makers and bribe masters behind this epic pillaging of the public purse, and maps out the intricate network of executives, board members and cabinet ministers who facilitated it. From clandestine meetings in London hotel rooms and visits to African dictators, to offshore tax havens, shell companies and private jets worth millions of dollars – not to mention a secret Dubai bolthole fit for a fleeing president – this book lifts the lid on a complex looting scheme that almost sank the South African economy.
Other titles by this author 

Others also viewed

Princess Belle sets of on a winter adventure in this sturdy board book that's perfect for...
As Hurricane Ophelia bears down on New York City, millions are caught up in the horrific...
BookShots are short, high-impact stories by James Patterson and other writers that can be read in...
Lada Dracul has no allies and no throne. After failing to seize the crown she believes is hers,...