Looted R15 billion Could Be Returned To The State – Ramaphosa

SA economic
President Cyril Ramaphosa delivers the State of the Nation Address (Sona) in a joint sitting of Parliament on 20 June 2019. Picture: GCIS

CAPE TOWN – President Cyril Ramaphosa said nearly R15 billion looted from the state could soon be returned to government’s coffers.

In his State of the Nation Address (Sona) on Thursday night, Ramaphosa announced that the Special Investigating Unit’s Special Tribunal would start its work in the coming months.

The Special Tribunal, made up of eight judges, would fast-track civil claims brought to it by the Special Investigating Unit (SIU).

Ramaphosa said the tribunal, that he announced in February, would start its work “in the next few months”.

“We need to ensure that public money stolen is returned and used to deliver services and much-needed basic infrastructure.”

The president said steps taken to end state capture and fight corruption were already showing results but there was “much more work to do”, including beefing up the National Prosecuting Authority and the Asset Forfeiture Unit.

“The new SIU Special Tribunal will start its work within the next few months to fast track civil claims arising from SIU investigations, which are currently estimated to be around R14.7 billion.”

Ramphosa wanted an end to looting.

“We are committed to building an ethical state in which there is no place for corruption patronage, rent-seeking and the plundering of public money.”