Over R700 Billion Lost To Corruption In South Africa Over The Last 20 Years

South Africa Institute of Internal Auditors on Wednesday said the country has lost over R700 billion to corruption over the last 20 years.

“The cost of corruption in the last 20 years… we have lost R700bn,” CEO Claudelle von Eck said at the launch of the Anti-Intimidation and Ethical Practices Forum in Johannesburg.

Von Eck, who is the forum’s chairwoman, said the forum is aimed at educating its members about corruption, advise them how to reveal corruption, and what to do when whistle-blowers were intimidated.

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Deji Sadiq, a.k.a DEJI OF LAGOS is a LASU trained Economist turned freelance journalist, a Blogger, an information strategist, a public affairs analyst and a committed activist with a passion for equal opportunities.