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	<title>Michael Marchant &#8226; Open Secrets</title>
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	<title>Michael Marchant &#8226; Open Secrets</title>
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		<title>INVESTIGATION &#124; Who Owns South Africa? &#8211; Private Pensions</title>
		<link>https://www.opensecrets.org.za/investigation-who-owns-south-africa-private-pensions/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Tue, 23 Jun 2026 17:47:08 +0000</pubDate>
				<category><![CDATA[Investigations]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Who Owns South Africa?]]></category>
		<category><![CDATA[wosa health]]></category>
		<category><![CDATA[wosa profile]]></category>
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					<description><![CDATA[<p>South Africa’s healthcare sector is marred by deep rooted inequalities, with millions relying on an overly strained and under resourced public healthcare system. In this instalment of Who Owns South Africa, Open Secrets turns the spotlight on to the role of private players in the health care system and shows how the concentration of private power shapes the sector. </p>
<p>The post <a href="https://www.opensecrets.org.za/investigation-who-owns-south-africa-private-pensions/">INVESTIGATION | Who Owns South Africa? &#8211; Private Pensions</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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			<p>June 23, 2026<br />

                
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<p class="">The fourth volume of Open Secrets’ <em>Who Owns South Africa? (WOSA)</em> series shines the spotlight on financial services companies that administer South Africa’s pension funds. It shows how the management and investment of these funds reflects both historical and ongoing patterns of inequality and injustice.</p>
<p class="">Our findings show that, as in other parts of the economy, a small group of financial services providers increasingly benefit from the sector &#8211; often at the expense of individual fund members and the wider public.</p>
<p class="">The report also highlights more than R51 billion in unclaimed retirement benefits owed to approximately 4.3 million people in South Africa and neighbouring countries, underscoring a persistent and unresolved injustice.</p>
<p class="mcePastedContent last-child">At the same time, South Africa’s pension funds hold nearly R6 trillion in assets. How these funds are invested has significant social, economic, and environmental implications. Yet, they are largely directed toward individual short-term financial returns rather than long-term national priorities for the public, such as the just energy transition.</p>
<p class="mcePastedContent last-child">Download Report Below</p>
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</div><p>The post <a href="https://www.opensecrets.org.za/investigation-who-owns-south-africa-private-pensions/">INVESTIGATION | Who Owns South Africa? &#8211; Private Pensions</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>South African company, Ren-Form, and Wicknell Chivayo embroiled in R570m Zimbabwe corruption scandal</title>
		<link>https://www.opensecrets.org.za/south-african-company-ren-form-and-wicknell-chivayo-embroiled-in-r570m-zimbabwe-corruption-scandal/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Mon, 12 Jan 2026 07:09:31 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Print Media Online]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Zimbabwe]]></category>
		<category><![CDATA[mnangagwa]]></category>
		<category><![CDATA[State Capture]]></category>
		<category><![CDATA[wicknell chivayo]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=10873</guid>

					<description><![CDATA[<p>Leaked documents and voice notes suggest that SA company, Ren-Form, inflated a tender for the Zimbabwean Electoral Commission by 235%, while its politically connected partner, Wicknell Chivayo, made payments to mystery officials.</p>
<p>The post <a href="https://www.opensecrets.org.za/south-african-company-ren-form-and-wicknell-chivayo-embroiled-in-r570m-zimbabwe-corruption-scandal/">South African company, Ren-Form, and Wicknell Chivayo embroiled in R570m Zimbabwe corruption scandal</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1753861170720" >South African company, Ren-Form, and Wicknell Chivayo embroiled in R570m Zimbabwe corruption scandal</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/print-media-online/' class='category-chip'>Print Media Online</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/zimbabwe/' class='category-chip'>Zimbabwe</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			<p>July 17, 2024</p>
<p><em>Updated: January 12, 2026</em><br />

                
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                                                                <div class="pp-author-boxes-name multiple-authors-name"><a href="https://www.opensecrets.org.za/author/michael-marchant/" rel="author" title="Michael Marchant" class="author url fn">Michael Marchant</a></div>                                                                                                                                                                                                
                                                                                                                                
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			<h4 id="h-a-johannesburg-printing-firm-and-its-agent-are-being-investigated-by-zimbabwe-s-anti-corruption-authority-for-price-gouging-on-election-related-material-and-equipment" class="wp-block-heading has-text-align-center" style="text-align: center;"><em><strong>A Johannesburg printing firm and its agent are being investigated by Zimbabwe’s anti-corruption authority for price gouging on election-related material and equipment.</strong></em></h4>
<p style="text-align: justify;">Zimbabwe is no stranger to corruption. But the brazen nature of the <a href="https://thenewshawks.com/chivayo-hijacks-us40m-corrupt-zec-deal/">R570-million scandal</a> engulfing the Zimbabwean Electoral Commission (ZEC) has outraged the country. A Johannesburg printing firm and its agent, a larger-than-life tenderpreneur, are <a href="https://www.herald.co.zw/zacc-in-possession-of-more-evidence-against-chivayo/">being investigated</a> by Zimbabwe’s anti-corruption authority.</p>

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<div class="vc_row wpb_row vc_inner vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-3"><div class="vc_column-inner"><div class="wpb_wrapper"><q class="text-normal shortcode-pullquote wf-cell align-left wf-1"><p>In one instance, Ren-Form invoiced the ZEC R23-million for a server that normally costs just R90,000.</p>
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			<p style="text-align: justify;">Leaked documents suggest the printing firm, Ren-Form, inflated the price of ballot papers, biometric voter registration kits and portable toilets while its politically connected partner, Wicknell Chivayo, made payments to mystery officials. In one instance, Ren-Form invoiced the ZEC R23-million for a server that normally costs just R90,000.</p>
<h4 id="h-sir-wicknell" class="wp-block-heading" style="text-align: justify;"><strong>‘Sir Wicknell’</strong></h4>
<p style="text-align: justify;">Chivayo dubs himself “Sir Wicknell” on social media, frequently posting pictures of himself with President Emmerson Mnangagwa or posing in front of large piles of cash. While he has nine businesses in South Africa and had a <a href="https://www.theafricareport.com/351233/zimbabwe-7-things-to-know-about-wicknell-chivayo-scandal-prone-businessman-with-links-to-mnangagwa/">brush with the law in 2011</a>, Chivayo has largely flown under the radar in South Africa.</p>

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			<p>While he has nine businesses in South Africa and had a <a href="https://www.theafricareport.com/351233/zimbabwe-7-things-to-know-about-wicknell-chivayo-scandal-prone-businessman-with-links-to-mnangagwa/">brush with the law in 2011</a>, Chivayo has largely flown under the radar in South Africa.</p>
<p>In Zimbabwe, however, he is notorious for his past conviction for money laundering, and his fleet of luxury cars, some of which he <a href="https://www.newzimbabwe.com/wicknell-chivayo-splashes-over-us300-000-on-musicians-cars-in-a-week/">donates</a> to Zanu-PF-supporting musicians.</p>

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			<div class="vc_single_image-wrapper   vc_box_border_grey"><img loading="lazy" decoding="async" width="1080" height="607" src="https://www.opensecrets.org.za/wp-content/uploads/2024/07/Sentry-SAZimcorruption01.webp" class="vc_single_image-img attachment-full" alt="" title="Wicknell Chivayo cars" srcset="https://www.opensecrets.org.za/wp-content/uploads/2024/07/Sentry-SAZimcorruption01.webp 1080w, https://www.opensecrets.org.za/wp-content/uploads/2024/07/Sentry-SAZimcorruption01-768x432.webp 768w" sizes="auto, (max-width: 1080px) 100vw, 1080px"  data-dt-location="https://www.opensecrets.org.za/south-african-company-ren-form-and-wicknell-chivayo-embroiled-in-r570m-zimbabwe-corruption-scandal/sentry-sazimcorruption01/" /></div><figcaption class="vc_figure-caption">Wicknell Chivayo’s fleet of cars. (Photo: Instagram)</figcaption>
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			<p style="text-align: justify;">Chivayo acted as agent for Ren-Form, a family-owned commercial printing company based in Selby, central Johannesburg. In the tender with the ZEC, Ren-Form branched out from just providing ballot papers into acting as a one-stop shop providing electronic equipment, hi-vis vests and gadgets to display voting results.</p>
<p style="text-align: justify;">Chivayo’s former business partners, Mike Chimombe and Moses Mpofu, who felt cut out of the deal, accuse Ren-Form and Chivayo of inflating costs by up to 235%. The election body paid the South African printing company at least R570-million.</p>
<p style="text-align: justify;">The <a href="https://thenewshawks.com/another-chivayo-audio-leaked/">NewsHawks</a>, the Zimbabwean media outlet which broke the story, claims that the total paid to Ren-Form could be up to R1.8-billion ($100-million).</p>
<p style="text-align: justify;">Chimombe and Mpofu’s claim is partly supported by leaked documents which show Ren-Form invoiced the ZEC R23-million for a central server that costs R90,000 online, and 2,000 non-flushing toilets priced at R68,700 each, which retail for about R10,000 per unit.</p>

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			<p style="text-align: justify;">Ren-Form also provided the ZEC with biometric voter registration (BVR) kits. In the original quote, Ren-Form quoted $5,000 per kit. Yet the BVR kits tripled in price to nearly $16,000 by the time of the final invoice just a few weeks later. Similar BVR kits cost $3,600 per unit when bought by the United Nations Development Programme for the 2021 elections in Honduras.</p>

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			<p>Similar BVR kits cost $3,600 per unit when bought by the United Nations Development Programme for the 2021 elections in Honduras.</p>
<p>We asked Ren-Form to explain. The company’s sales director, Jean-Pierre du Sart, called all the allegations false and said, “In any project there’s changes,” when asked the reason for the price increases. While Ren-Form did not dispute the authenticity of the invoices and other financial records, Chivayo says the leaked documents are fakes.</p>

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			<p>The jilted business partners — Chimombe and Mpofu — claim that as soon as Zimbabwe paid Ren-Form, the printer transferred much of the funds to one of Chivayo’s South African companies, Intratrek. When asked if Ren-Form paid Chivayo, Du Sart said, “He’s one of our agents over there, so there’s nothing wrong with that.”</p>

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			<p><strong>Mnangagwa’s ‘son’?</strong></p>
<p style="text-align: justify;">Chivayo has gone viral on Zimbabwean social media after seemingly genuine audio clips circulated in which he discusses sharing the proceeds of the ZEC tender with his partners and senior officials, referred to by their initials or codenames. In one voice note, Chivayo claims Mnangagwa calls him “my son”, prompting the president’s spokesperson to condemn “<a href="https://www.zimlive.com/wicknell-chivayo-in-a-spot-of-bother-over-name-dropping-in-voice-notes/">name-dropping</a>”.</p>
<p style="text-align: justify;">Chivayo has denied that it was his voice on the clips and apologised to Mnangagwa, spy boss Isaac Moyo and ZEC chair Justice Priscilla Chigumba for creating the “adverse impression” that their institutions “are involved in corruption or participate in illicit transactions”</p>
<p style="text-align: justify;">It is possible some of Chivayo’s generosity in handing out luxury cars was financed from the ZEC tender. In May 2023, just a month after the Zimbabwean finance ministry instructed the central bank to pay Ren-Form for the BVR kits, Chivayo had two white Rolls-Royce cars flown into Harare from Europe and a luxury Mercedes and Range Rover delivered from South Africa.</p>
<p style="text-align: justify;"><strong>Investigations and denials</strong></p>
<p style="text-align: justify;">The Zimbabwe Anti-Corruption Commission has since opened an investigation and is seeking to interview Chivayo. Chimombe and Mpofu have been arrested as part of a separate investigation into the alleged failure to deliver on a contract for the presidential goat scheme, in which animals were supposed to be provided to poorer rural households.</p>
<p style="text-align: justify;">Ren-Form denies any wrongdoing including inflating prices to pay bribes, and said it is unable to provide specific details about the tender due to confidentiality clauses in its contract with the ZEC. The printing firm declined to provide further responses, citing ongoing investigations by law enforcement agencies.</p>
<p style="text-align: justify;">Chivayo did not respond to a request for comment. Previously, Chivayo described the leaked voice notes and messages as fakes, and said he was under a sustained character attack from Chimombe and Mpofu, whom he described as “briefcase businessmen.”</p>
<p style="text-align: justify;">The ZEC denied doing business directly with Chivayo, Chimombe or Mpofu and said that all procurement was above board.</p>

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<div class="vc_message_box vc_message_box-standard vc_message_box-square vc_color-grey" ><div class="vc_message_box-icon"><i class="fa fa-solid fa-bullhorn"></i></div><p style="text-align: justify;">In December 2025, the Zimbabwe Anti-Corruption Commission (ZACC) closed its probe into Chivayo, saying that it could not find &#8220;contractual evidence&#8221; tying him to the deal. However, sources in Pretoria told the <a title="Zimbabwe Independent" href="https://www.newsday.co.zw/theindependent/amp/local-news/article/200049845/zec-scandal-probe-global-lenders-red-flag-chivayo-businessman-decries-irreparable-damage-lost-opportunities" target="_blank" rel="noreferrer nofollow noopener">Zimbabwe Independent</a> that the Hawk&#8217;s investigation was &#8220;very much alive&#8221; in South Africa. That South African investigation was prompted when the country&#8217;s Financial Intelligence Centre (FIC) investigation <a title="concluded" href="https://www.dailymaverick.co.za/article/2025-04-08-south-africas-fic-south-african-printing-firm-paid-politically-connected-zimbabwean-agent-r800m/" target="_blank" rel="noreferrer nofollow noopener">concluded</a> that “Ren-Form received over R1 billion from the Zimbabwe Ministry of Finance and Economic development [and that] More than R800-million was transferred to the business bank accounts of Wicknell Chivayo&#8221;.</p>
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			<p style="text-align: center;"><strong>Open Secrets stands by its reporting on this investigation.</strong></p>

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</div><p>The post <a href="https://www.opensecrets.org.za/south-african-company-ren-form-and-wicknell-chivayo-embroiled-in-r570m-zimbabwe-corruption-scandal/">South African company, Ren-Form, and Wicknell Chivayo embroiled in R570m Zimbabwe corruption scandal</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>Fake it ’till you make it: How an SA arms company built UAE armoured vehicles</title>
		<link>https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Fri, 28 Nov 2025 06:30:34 +0000</pubDate>
				<category><![CDATA[Investigations]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Print Media Online]]></category>
		<category><![CDATA[War Profiteers]]></category>
		<category><![CDATA[ICP]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12900</guid>

					<description><![CDATA[<p>The UAE is selling well-equipped armoured vehicles to African states under a ‘Made in Emirates’ label. But documents from a whistleblower show that these are South African-designed vehicles built by the staff of Integrated Convoy Protection, a South African company. The vehicles were built in the UAE by ICP staff using parts exported from South Africa. Open Secrets can now publish this story following a three-week gag order obtained by International Convoy Protection (ICP) from the Western Cape Division of the High Court in Cape Town that prevented us from saying anything about this story. </p>
<p>The post <a href="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/">Fake it ’till you make it: How an SA arms company built UAE armoured vehicles</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1753861170720" >Fake it ’till you make it: How an SA arms company built UAE armoured vehicles</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/investigations/' class='category-chip'>Investigations</a> <a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/print-media-online/' class='category-chip'>Print Media Online</a> <a href='https://www.opensecrets.org.za/category/theme/war-profiteers/' class='category-chip'>War Profiteers</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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<p><em>Open Secrets can now publish this story following a three-week gag order obtained by Integrated Convoy Protection (ICP) from the Western Cape Division of the High Court in Cape Town that prevented us from saying anything about this story. ICP declined to answer Open Secrets’ questions and went to court instead. In this article, we have included material from ICP’s court papers that addresses many of the questions we sent them.</em></p>
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			<p>November 28, 2025<br />

                
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                                                                <div class="pp-author-boxes-name multiple-authors-name"><a href="https://www.opensecrets.org.za/author/michael-marchant/" rel="author" title="Michael Marchant" class="author url fn">Michael Marchant</a></div>                                                                                                                                                                                                
                                                                                                                                
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<p>The UAE is selling well-equipped armoured vehicles to African states under a ‘Made in Emirates’ label. But documents from a whistleblower show that these are South African-designed vehicles built by the staff of Integrated Convoy Protection, a South African company. The vehicles were built in the UAE by ICP staff using parts exported from South Africa. Whether the exports took place with all necessary legal approvals is disputed and is being investigated by the police. All this takes place in the context of the UAE supporting warring factions in countries such as Sudan, whose people are the subject of an ongoing genocide.</p>
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			<p>In 2025, the government of Democratic Republic of the Congo (DRC) <u><a href="https://www.military.africa/2025/08/dr-congo-receiving-kasser-ii-mraps-from-uae/" target="_blank" rel="noopener noreferrer">received</a></u> its first Kasser II armoured vehicles, part of a consignment of 160 ordered from the International Golden Group (IGG) in the UAE. The vehicles were probably loaded into containers in the UAE’s Tawazun Industrial Park, a UAE free zone with a focus on the defence sector and home to IGG. From there, they were shipped to Matadi port, the DRC’s main port on the banks of the Congo River.</p>
<div class="dm_add_wrapper dm_add_wrapper--breakout group relative hidden mx-auto flex justify-center bg-dm-gray-1 p-4 text-center &#091;&amp;.wide&#093;:w-full &#091;&amp;.ad-loaded&#093;:inline-block &#091;&amp;.no-border&#093;:bg-white ad-loaded">This was not the first time the mine-resistant and ambush-protected Kasser II vehicles had made a showing on African soil. Just a week before the shipment landed in the DRC, 12 of these battle-ready all-terrain vehicles were shown off at <u><a href="https://www.janes.com/osint-insights/defence-news/land/togo-parades-new-kasser-ii-mraps" target="_blank" rel="noopener noreferrer">Togo’s independence day military parade</a></u>.</div>
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<p>This was projected as another example of UAE prowess in delivering weapons and defence technology in partnership with African states. But was it?</p>
<p>This explanation misses the most crucial information. The Kasser II vehicles may have a “Made in the Emirates” sticker on them, but they were in fact designed by a South African firm and built by South African engineers. The production took place inside the UAE’s notoriously secretive free trade zones (FTZs) as part of a R775-million contract.</p>
<p>Open Secrets can now reveal this story in full, relying on a trove of emails, company documents, trade data and eyewitness accounts. These were provided to Open Secrets by a whistleblower whom we call Casper. South African armoured vehicle company Integrated Convoy Protection (ICP) provided the intellectual property, parts, manufacturing capacity and staff to build the Kasser II. As part of the deal between ICP and IGG, vehicles and components for building them may have been exported from South Africa without the permits required for the export of weapons, though ICP denies this.</p>
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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764332087317" >The ‘Emirates Kasser II’</h4>
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			<p>The Kasser II Mine-Resistant Ambush-Protected (MRAP) 4&#215;4 vehicle was first unveiled at the International Defence Exhibition and Conference (Idex) in 2021, and has since been a regular at UAE pavilions at arms fairs around the world. It’s an imposing armoured vehicle – nearly seven metres long and 2.5m wide. The version sent to the DRC is also fitted with firepower that includes cannons and machine guns mounted on the vehicles. These are not mere armoured trucks, but purpose-built war machines.</p>

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			<div class="vc_single_image-wrapper   vc_box_border_grey"><img loading="lazy" decoding="async" width="1600" height="1006" src="https://www.opensecrets.org.za/wp-content/uploads/2025/11/KasserIIMRAP_796348.jpg" class="vc_single_image-img attachment-medium" alt="" title="Kasser II MRAP_796348" srcset="https://www.opensecrets.org.za/wp-content/uploads/2025/11/KasserIIMRAP_796348.jpg 1600w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/KasserIIMRAP_796348-768x483.jpg 768w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/KasserIIMRAP_796348-1536x966.jpg 1536w" sizes="auto, (max-width: 1600px) 100vw, 1600px"  data-dt-location="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/kasseriimrap_796348/" /></div><figcaption class="vc_figure-caption">A Kasser II MRAP vehicle at a defence exhibition in Thailand in 2023. (Photo: Supplied)
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			<p>Officially built by Abu Dhabi-based company M4 industries, the Emiratis trumpet the Kasser II as an example of the successes of their booming defence industry. However, as many defence journalists have noted since its release, the Kasser II is the spitting image of the South African-manufactured Reva V armoured personnel carrier (APC), albeit with some minor changes.</p>
<p>In January 2025, <u><a href="https://www.defenceweb.co.za/featured/icp-marks-20-year-anniversary-with-new-vehicles-and-strategic-expansion/" target="_blank" rel="noopener noreferrer">Defence Web wrote</a></u> that the Reva V vehicles “appear to be entering service in the Middle East as the Kasser II”. In response, ICP told the journalist that it could not comment on its clients due to non-disclosure agreements, but insisted it “only manufactured vehicles in South Africa”.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764332104851" >ICP</h4>
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			<p>While you might not have <u><a href="https://www.revaarmoredvehicles.com/projects-8" target="_blank" rel="noopener noreferrer">heard of ICP</a></u>, you’ve probably seen its vehicles on South African roads. In addition to vehicles made for use in war, ICP makes a range of vehicles for security companies such as Fidelity and ADT in South Africa, including for patrolling and cash in transit, as well as vehicles for use in “riot and unrest situations”.</p>
<p>The promotional video below for an unrelated venture contains current CEO Nadine Rynners speaking about the company. ICP has about 120 staff and works from its base southeast of Pretoria, where suburban sprawl meets game ranch fences.</p>

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			<div class="vc_single_image-wrapper   vc_box_border_grey"><img loading="lazy" decoding="async" width="1600" height="1031" src="https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPVehicle_Fidelity_655794.jpg" class="vc_single_image-img attachment-medium" alt="" title="ICPVehicle_Fidelity_655794" srcset="https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPVehicle_Fidelity_655794.jpg 1600w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPVehicle_Fidelity_655794-768x495.jpg 768w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPVehicle_Fidelity_655794-1536x990.jpg 1536w" sizes="auto, (max-width: 1600px) 100vw, 1600px"  data-dt-location="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/icpvehicle_fidelity_655794/" /></div><figcaption class="vc_figure-caption">A Fidelity cash-in-transit vehicle manufactured by ICP. (Image: ICP website)
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			<p>The company was registered in 2002 by former special forces Lieutenant Colonel Philippus Johannes (Flip) Marx. Marx had served in the special forces (the elite military unit known as the Recces) from the 1970s and continued to do so after 1994 until, believing he would not be promoted any further, turned to private business. Marx continued to run the business until he suffered a severe stroke in 2022 while in the UAE working on the company’s contract with IGG.</p>
<p>ICP’s first big order came its way courtesy of the United States’ illegal war of aggression against Iraq in 2003. Infamously, that war was in large part “outsourced” to private military contractors and security firms. ICP <u><a href="https://www.defenceweb.co.za/industry/industry-industry/icp-rolling-out-the-reva-v/" target="_blank" rel="noopener noreferrer">met their urgent need</a></u> for armoured vehicles suited to an insurgency, and that could protect troops from improvised roadside bombs. They provided around 150 Reva V vehicles that were built both in South Africa and at temporary facilities set up by ICP in both Baghdad and Jordan.</p>
<p>In a 2020 internal company newsletter, ICP bragged about how almost all these vehicles had survived the Iraq war and had been shipped back to the US after their withdrawal from Iraq for use by local law enforcement and Swat teams.</p>
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			<div class="vc_single_image-wrapper   vc_box_border_grey"><img loading="lazy" decoding="async" width="1600" height="1188" src="https://www.opensecrets.org.za/wp-content/uploads/2025/11/REVAsreusedbyUSlawenforcement_717118.jpg" class="vc_single_image-img attachment-medium" alt="" title="REVAs reused by US law enforcement_717118" srcset="https://www.opensecrets.org.za/wp-content/uploads/2025/11/REVAsreusedbyUSlawenforcement_717118.jpg 1600w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/REVAsreusedbyUSlawenforcement_717118-768x570.jpg 768w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/REVAsreusedbyUSlawenforcement_717118-1536x1140.jpg 1536w" sizes="auto, (max-width: 1600px) 100vw, 1600px"  data-dt-location="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/revasreusedbyuslawenforcement_717118/" /></div><figcaption class="vc_figure-caption">A Reva V vehicle first used in Iraq war and later repurposed for US law enforcement. (Photo: Supplied)
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			<p>The other main client of ICP since the mid-2000s has been Thailand, where the military remains a dominant force in politics. ICP has been supplying both the Thai army and Thai police with armoured vehicles, including the Reva III, since the mid-2000s.</p>
<p>According to our whistleblower, Casper, the ICP’s key middlemen for most of their contracts have been David Hirschowitz and his son Dean. David Hirschowitz was a director at ICP from at least 2007 and died in 2019. In documents provided to Open Secrets, Dean is referred to as ICP’s “agent” in Thailand, and is pictured at a November 2019 arms exhibition in Bangkok alongside senior ICP staff and officials from South Africa’s military and Ministry of Defence. Dean is also copied into emails and other correspondence throughout the contract between ICP and IGG, including that related to operational matters.</p>

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			<div class="vc_single_image-wrapper   vc_box_border_grey"><img loading="lazy" decoding="async" width="1600" height="1210" src="https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPteaminThailand1_598559.jpg" class="vc_single_image-img attachment-medium" alt="" title="ICPteaminThailand1_598559" srcset="https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPteaminThailand1_598559.jpg 1600w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPteaminThailand1_598559-768x581.jpg 768w, https://www.opensecrets.org.za/wp-content/uploads/2025/11/ICPteaminThailand1_598559-1536x1162.jpg 1536w" sizes="auto, (max-width: 1600px) 100vw, 1600px"  data-dt-location="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/icpteaminthailand1_598559/" /></div><figcaption class="vc_figure-caption">A Reva V vehicle first used in Iraq war and later repurposed for US law enforcement. (Photo: Supplied)
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			<p>The Hirschowitz family were allegedly key to setting up this relationship, and they certainly have connections in the UAE. In 2019, court papers implicated David Hirschowitz in <u><a href="https://www.news24.com/citypress/news/the-fixer-zweli-mkhize-implicated-in-kickbacks-worth-r45m-for-pic-deals-20190203" target="_blank" rel="noopener noreferrer">paying kickbacks to individuals linked to senior ANC politician</a></u> Zweli Mkhize to secure Mkhize’s support for PIC funding to Hirschowitz’s Israeli company Tahal. Mkhize, at the time, denied any wrongdoing.</p>
<p>As part of these efforts, Tahal allegedly paid for Hirschowitz, Mkhize and another ANC official to fly to Abu Dhabi to secure funding, indicating relationships with financiers in the UAE. Dean Hirschowitz did not respond to Open Secrets’ questions about his role in the contract.</p>
<p>It was reported that the Tahel project didn’t come to fruition, and Mkhize told <u><a href="https://www.businessday.co.za/bd/national/2019-02-05-zweli-mkhize-says-he-will-appear-before-pic-inquiry-if-asked/" target="_blank" rel="noopener noreferrer">Business Day</a></u> it was not unusual for companies to sponsor trips during his time at the ANC’s headquarters, Luthuli House. It’s unclear what happened to the case.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764333108765" >A long-running relationship and a new contract</h4>
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			<p>According to ICP’s court submissions, it has had contracts with IGG to supply it with armoured vehicles, parts and support since at least 2015. IGG is owned by the <u><a href="https://edgegroupuae.com/entities" target="_blank" rel="noopener noreferrer">Edge</a></u> group, a state-owned Emirati arms conglomerate that owns at least 25 subsidiary arms companies in the UAE, and has grown to become one of the largest arms companies in the world.</p>
<p>South Africa’s links with the Edge Group run deep. The Vice President of International Business at Edge, Miles Chambers, is a South African, and companies within Edge employ many South Africans.</p>
<p>ICP has been exporting Reva vehicles to the UAE for a long time. However, the nature of that relationship changed when the parties signed a new contract in 2020.</p>
<p>The whistleblower, Casper, provided Open Secrets with a signed July 2020 contract between the Emirati-based International Golden Group (IGG) and ICP. The title of the contract is “For Supply of Modified Reva V 4&#215;4 Vehicle Armored Personal (sic) Carriers to be assembled in the United Arab Emirates under new name (‘Kasser II’)”.</p>
<p>The contract was for US$45-million (R775-million at the time) and required ICP to “deliver one hundred Advanced Semi Knock Down kits (“ASKD”) for the Vehicles as well as spare parts, services, and know how… in order to assemble the Vehicles in Buyer’s facilities at Tawazun Industrial Park”, and anticipated delivery between September 2020 and July 2021.</p>
<p>The contract makes clear that the Kasser II is not just based on the Reva V. Rather, the intellectual property, manufacturing of parts and spares, and expertise, all came from South Africa’s ICP. This is only the latest example of South African defence IP being used by Emirati companies to build their military industrial base.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764333137369" >Braais and plastic pools in the desert</h4>
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			<p>While the 2020 contract was between ICP and the IGG, reports about the Kasser II indicate it is manufactured by a company called M4 Industries, based in the Tawazun Industrial Park in Abu Dhabi. M4 Industries has no apparent online presence and is <u><a href="https://www.military.africa/2025/08/dr-congo-receiving-kasser-ii-mraps-from-uae/" target="_blank" rel="noopener noreferrer">described</a></u> by military news media as “relatively unknown”. Casper says this is because M4 Industries was set up by the IGG specifically for this project.</p>
<p>This is borne out by the email correspondence, minutes of meetings and other internal company documents in our possession. They confirm that there were two companies set up in the UAE to be part of the process.</p>
<p>The first was R5 Automotives, a company set up by ICP in the Jebel Ali Free Zone (Jafza) with the help of 7 EM Consulting, a company services provider in the UAE. R5 Automotives was described as an “ICP subsidiary” in emails to IGG staff, and it was invoiced by 7EM to assist in getting UAE visas for ICP staff members.</p>
<p>R5 Automotives was set up to receive the SKDs (semi knockdown kits) from ICP. These kits were packed at ICP’s manufacturing facilities in Pretoria. From there, they were loaded on to trucks and driven down to Durban port. They would then be shipped to R5 Automotives before being sent by road to IGG’s facilities in the Tawazun Industrial Park (TIP). In a humorous turn, Casper says that the decision to register R5 in Jafza was a blunder, because it meant that duties had to be paid when moving the vehicle kits from there to TIP, as they would leave the free zone.</p>
<p>In court papers, ICP argues that the only reason for setting up R5 Automotives was to address the logistical and shipping constraints brought about by the Covid-19 pandemic, including the need for more warehouse space.</p>
<p>When the kits arrived at TIP, there were ICP staff on hand to complete the vehicles. An ICP memorandum from April 2022 confirmed that up to 20 ICP engineering staff and managers had been staying at rented accommodation in the UAE while constructing the Kasser II vehicles, with senior ICP managers staying in “villas”.</p>
<p>To give the rented accommodation a home-away-from-home feeling, the ICP staff built a dedicated braai area and bought a plastic pool to deal with the desert heat, according to Casper. The April 2022 memo also suggested that while some ICP staff would return to South Africa, quite a few would probably stay on as permanent staff of M4 Industries.</p>
<p>Other documents show that ICP managed almost all the processes related to constructing the vehicles. ICP purchased additional parts, including glass for the windscreens from a company in Israel, and window mounts and fire suppression kits from companies in South Africa. Moreover, M4 Industries meeting minutes and project plans were often drafted by ICP staff.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764333147637" >Were the exports approved by the South African government?</h4>
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			<p>It is clear then that the Kasser II is a South African-designed vehicle that was exported in kit form from South Africa, and put together again by ICP employees working in the UAE. The next question is whether these exports complied with South African law. Based on the evidence presented to us by Casper and our analysis of South Africa’s publicly available arms export records and the law, they may not have.</p>
<p>In South Africa, anything designed for use in war, including vehicles, can be exported only following approval from the South African arms export regulator – the National Conventional Arms Control Committee (NCACC).</p>
<p>This body is made up of Cabinet ministers appointed by the President. Crucially, the NCACC is also required to approve the export of <u><a href="https://www.gov.za/sites/default/files/gcis_document/201409/35272gon321.pdf" target="_blank" rel="noopener noreferrer">equipment, spare parts, components or other accessories</a></u><strong> </strong>that are designed to be built into weapons of war. In this case, the export of the parts for the Reva vehicles to be turned into the Kasser II appears to require approval.</p>
<p>ICP vehemently denies this. In its court papers, filed this month, ICP claims two things. First, it shared two contracting permits granted to it in 2015 and 2019 for the contracts to sell 200 Reva III vehicles and 70 Reva V vehicles, to IGG. In both cases, the UAE armed forces were listed as the “end user” of the vehicles. ICP insists it exported only full vehicles when in possession of a permit.</p>
<p>Second, and more importantly for the story of the 2020 contract, ICP claims that – in terms of the 2020 contract – it only supplied semi-knock-down kits, “off the shelf” parts, and some dual-use items.</p>
<p>ICP’s position is that it did not seek any export permits for these items because they did not consider them “controlled items”; those that require export permits in terms of South African law. Crucially, ICP argues that these are not “controlled items”, “without proof of design intent”.</p>
<p>ICP references “design intent” because South African law is clear that commercial and dual-use parts are “controlled” (ie they require an export permit) when they are “specially designed for the parent item” – that is, a controlled item. This means that parts specifically designed for an armoured vehicle – even if dual-use goods or commercial items – require permits.</p>
<p>Several factors suggest that all parts supplied in terms of this contract were specifically designed for use in an armoured vehicle – the Kasser II. For one, the contract title explicitly states that the parts would be “assembled in the UAE under a new name (Kasser II)”. Second, in July 2021, a letter from ICP CEO Flip Marx said that all “management and staff involved in manufacturing the Kasser II” were required to get his sign-off on any technical changes to the vehicles.</p>
<p>This suggests ICP had full knowledge of the design intent of all parts supplied. Finally, ICP staff were responsible for constructing the vehicles in the UAE using the parts supplied.</p>
<p>We submitted detailed questions to the NCACC about whether export permits were applied for and granted in this case. They did not answer these questions, but did tell Open Secrets that “this matter is receiving attention. The police are investigating”.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764333157784" >How South Africa built the UAE defence sector</h4>
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			<p>If these vehicles and related technology were sent in violation of the laws on arms exports, it would not be the first time. In 2021, <u><a href="https://www.opensecrets.org.za/wp-content/uploads/2021/11/Profiting-from-Misery_Final_March-2021.pdf" target="_blank" rel="noopener noreferrer">Open Secrets investigated</a></u> systemic failures by the NCACC to prevent South African weapons from being used in significant human rights abuses abroad.</p>
<p>In that instance, the NCACC had failed to properly consider applications to export weapons or to enforce the rules that ensure South African weapons were not being sold on to parties that had not bought them, in contravention of end-user certificates. That investigation showed that numerous South African-made and exported weapons had been found in use in Yemen, including by parties that had not purchased them.</p>
<p>But this story is part of another significant pattern in South Africa’s arms trade: the long-term and systematic movement of defence IP and resources from South Africa to the UAE. This is happening in licit and illicit ways.</p>
<p>Both state-owned firm Denel and private arms company Paramount have <u><a href="https://currencynews.co.za/did-uae-steal-south-african-arms-secrets/" target="_blank" rel="noopener noreferrer">alleged that companies in the UAE have unlawfully obtained their defence IP</a></u>, with the possible assistance of local employees. Some of these allegations are being investigated by the Special Investigating Unit (SIU), which has confirmed that it has referred criminal conduct to the National Prosecuting Authority.</p>
<p>According to an <u><a href="https://www.occrp.org/en/scoop/south-african-defense-firms-suspect-uae-companies-may-have-obtained-military-intellectual-property" target="_blank" rel="noopener noreferrer">investigation</a></u> by the Organised Crime and Corruption Reporting Project (OCCRP), one of these cases concerns NIMR, an Edge company. The CEO of NIMR, Abri du Plessis, is a South African who formerly held senior positions at Denel and BAE Systems.</p>
<p>The SIU investigated a complaint submitted by Denel alleging that NIMR accessed Denel IP in an unauthorised deal signed off by a Denel employee who was offered a senior position inside NIMR.</p>
<p>Among the SIU findings was that Denel workers had obtained and shared company IP for armoured vehicles without permission.</p>
<p>Another Edge company, Abu Dhabi Autonomous Systems Investments Company (Adasi), has also been under the spotlight. Adasi is at the centre of a bankruptcy filing in the United States made by a subsidiary of the South African private arms company Paramount. A Paramount subsidiary struck a deal with Adasi in 2016, but OCCRP reported that the deal collapsed after Adasi was acquired by Edge. Edge claims the deal included a transfer of aircraft IP, but the transfer never happened.</p>
<p>ICP’s exploits in the UAE are part of an emerging pattern of South African arms companies entering into lethal business with companies in the UAE, despite that the UAE has been known to arm conflicts where there are clear war crimes, such as in Yemen and <u><a href="https://www.bbc.com/news/articles/c3w1nzpg5dgo" target="_blank" rel="noopener noreferrer">Sudan</a></u>.</p>
<p>In this case, ICP supplied everything in terms of a commercial contract, and there is no allegation of theft. However, the relationship was no doubt made easier by the fact that the UAE defence sector – including IGG – has been built and maintained by white South Africans, many of whom, like Marx, used to be part of the apartheid military architecture.</p>
<p>In this case, one of IGG’s senior engineers responsible for the Kasser project and for liaising with ICP was Steve Britz. Britz worked as a Denel engineer for 28 years from 1981 to 2009, when he moved to IGG. He is one of at least 300 Denel engineers and managers who have made the move to the UAE; so many that it’s reported that many board meetings of Emirati defence companies are <u><a href="https://currencynews.co.za/did-uae-steal-south-african-arms-secrets/" target="_blank" rel="noopener noreferrer">conducted in Afrikaans</a></u>.</p>
<p>Britz and IGG did not respond to Open Secrets’ questions.</p>

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<h4 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1764333167276" >Unanswered questions</h4>
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			<p>In the documents Open Secrets accessed, there is evidence that ICP and IGG were negotiating a new contract in the middle of 2022, following the final delivery of the 100 vehicles in terms of the 2020 contract. Minutes of a meeting between representatives of M4 Industries and ICP in April 2022 suggest that ICP would not provide all the IP for the vehicles at that point, and wanted to keep this as something to sell in the future, possibly as part of a new contract.</p>
<p>We do not have access to anything that shows whether a new contract was signed. However, ICP claimed in court papers that IGG remains its single “biggest customer” and referenced “pending contracts”, though it did not indicate the nature of any new contracts with IGG.</p>
<p>In 2025, Kasser II vehicles are clearly being manufactured on an ongoing basis in the UAE in sufficient numbers to regularly supply multiple international clients. These clients include the DRC, where a 2022 escalation in conflict – backed by Rwanda – saw intense fighting extend a decades-long regional and civil war; and Togo – a country ruled as a dynastic military-style dictatorship in which the Gnassingbé family holds almost all power, protest is harshly crushed, and human rights violations are widespread.</p>

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			<p>It is essential that there is more effective oversight over our arms exports. Exports of South African armoured vehicles to these countries should be subject to proper consideration by our authorities, including their possible impact on conflict and human rights.</p>

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			<p style="text-align: center;"><em><strong>Some of the most important source documents for this story can be found here:</strong></em></p>

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</div><p>The post <a href="https://www.opensecrets.org.za/how-an-sa-arms-company-built-uae-armoured-vehicles/">Fake it ’till you make it: How an SA arms company built UAE armoured vehicles</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>INVESTIGATION: Who Owns South Africa? Vol.3 &#124; Private Telecommunications</title>
		<link>https://www.opensecrets.org.za/wosa-vol-3-telecoms/</link>
		
		<dc:creator><![CDATA[Ra'eesa Pather]]></dc:creator>
		<pubDate>Wed, 29 Oct 2025 07:00:28 +0000</pubDate>
				<category><![CDATA[Investigations]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Who Owns South Africa?]]></category>
		<category><![CDATA[wosa profile]]></category>
		<category><![CDATA[wosa telecoms]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12723</guid>

					<description><![CDATA[<p>Discover how MTN, Vodacom, Telkom &#038; Cell C dominate South Africa’s telecom industry in Volume 3 Open Secrets’ Who Owns South Africa series. This volume reveals how these players impact the rights of people around the world, their relationships with powerful politicians, and the growing role they play in selling financial services.</p>
<p>The post <a href="https://www.opensecrets.org.za/wosa-vol-3-telecoms/">INVESTIGATION: Who Owns South Africa? Vol.3 | Private Telecommunications</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1761904692843" >INVESTIGATION: Who Owns South Africa? Vol.3 | Private Telecommunications</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/investigations/' class='category-chip'>Investigations</a> <a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/who-owns-south-africa/' class='category-chip'>Who Owns South Africa?</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			<p style="text-align: justify;">Discover how MTN, Vodacom, Telkom &amp; Cell C dominate South Africa’s telecom industry in Volume 3 Open Secrets’ Who Owns South Africa series. This volume reveals how these players impact the rights of people around the world, their relationships with powerful politicians, and the growing role they play in selling financial services.</p>
<p style="text-align: justify;">At the heart of our report is the argument that telecoms services should be a public right instead of a private privilege for corporate benefit. In South Africa, at least 90% of households own a working mobile phone, which has helped almost 80% of people access Internet services. Without mobile telecoms, most of these Internet users would not have access to needed communication and information services.</p>

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</div><p>The post <a href="https://www.opensecrets.org.za/wosa-vol-3-telecoms/">INVESTIGATION: Who Owns South Africa? Vol.3 | Private Telecommunications</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>INVESTIGATION &#124; Who Owns South Africa? &#8211; Private Pensions</title>
		<link>https://www.opensecrets.org.za/https-www-opensecrets-org-za-wp-content-uploads-2026-06-wosa-chap4-pensions-draft04-digital-pdf/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Tue, 30 Sep 2025 04:55:12 +0000</pubDate>
				<category><![CDATA[Investigations]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Who Owns South Africa?]]></category>
		<category><![CDATA[wosa health]]></category>
		<category><![CDATA[wosa profile]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12648</guid>

					<description><![CDATA[<p>South Africa’s healthcare sector is marred by deep rooted inequalities, with millions relying on an overly strained and under resourced public healthcare system. In this instalment of Who Owns South Africa, Open Secrets turns the spotlight on to the role of private players in the health care system and shows how the concentration of private power shapes the sector. </p>
<p>The post <a href="https://www.opensecrets.org.za/https-www-opensecrets-org-za-wp-content-uploads-2026-06-wosa-chap4-pensions-draft04-digital-pdf/">INVESTIGATION | Who Owns South Africa? &#8211; Private Pensions</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1753861170720" >INVESTIGATION | Who Owns South Africa? &#8211; Private Pensions</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/investigations/' class='category-chip'>Investigations</a> <a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/who-owns-south-africa/' class='category-chip'>Who Owns South Africa?</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			<p>September 30, 2025<br />

                
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<p class="">The fourth volume of Open Secrets’ <em>Who Owns South Africa? (WOSA)</em> series shines the spotlight on financial services companies that administer South Africa’s pension funds. It shows how the management and investment of these funds reflects both historical and ongoing patterns of inequality and injustice.</p>
<p class="">Our findings show that, as in other parts of the economy, a small group of financial services providers increasingly benefit from the sector &#8211; often at the expense of individual fund members and the wider public.</p>
<p class="">The report also highlights more than R51 billion in unclaimed retirement benefits owed to approximately 4.3 million people in South Africa and neighbouring countries, underscoring a persistent and unresolved injustice.</p>
<p class="mcePastedContent last-child">At the same time, South Africa’s pension funds hold nearly R6 trillion in assets. How these funds are invested has significant social, economic, and environmental implications. Yet, they are largely directed toward individual short-term financial returns rather than long-term national priorities for the public, such as the just energy transition.</p>
<p>Please Download Report Below</p>
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</div><p>The post <a href="https://www.opensecrets.org.za/https-www-opensecrets-org-za-wp-content-uploads-2026-06-wosa-chap4-pensions-draft04-digital-pdf/">INVESTIGATION | Who Owns South Africa? &#8211; Private Pensions</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>Open Secrets investigates SA’s inequality &#124; Point of View with Phemelo Motene</title>
		<link>https://www.opensecrets.org.za/open-secrets-investigates-sas-inequality-point-of-view-with-phemelo-motene/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Tue, 02 Sep 2025 20:00:06 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Radio and Podcast Interviews]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[wosa system]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12559</guid>

					<description><![CDATA[<p>POV speaks to Michael Marchant discussing the first instalment of Open Secrets' new investigation, Who Owns South Africa - The System: Money, Power and Politics. The investigation examines how concentrated wealth and corporate dominance continue to shape South Africa’s economy and democracy.</p>
<p>The post <a href="https://www.opensecrets.org.za/open-secrets-investigates-sas-inequality-point-of-view-with-phemelo-motene/">Open Secrets investigates SA’s inequality | Point of View with Phemelo Motene</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1756910092994" >Open Secrets investigates SA’s inequality | Point of View with Phemelo Motene</h1></div></div></div><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper"></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/radio-interviews/' class='category-chip'>Radio and Podcast Interviews</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			September 2, 2025

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			<div class="fragment_desc_detail">Discussing the first instalment of Open Secrets&#8217; new investigation, <em>Who Owns South Africa &#8211; The System: Money, Power and Politics</em>, POV speaks to Michael Marchant about the structural divide between the powerful corporate “top” and the struggling “bottom.” The investigation examines how concentrated wealth and corporate dominance continue to shape South Africa’s economy and democracy.</div>

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</div><p>The post <a href="https://www.opensecrets.org.za/open-secrets-investigates-sas-inequality-point-of-view-with-phemelo-motene/">Open Secrets investigates SA’s inequality | Point of View with Phemelo Motene</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Who Owns South Africa: The System- Money, Power and Politics &#124; CREATIVE CORNER</title>
		<link>https://www.opensecrets.org.za/who-owns-south-africa-the-system-money-power-and-politics-creative-corner/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Mon, 01 Sep 2025 15:06:37 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Radio and Podcast Interviews]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[wosa system]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12550</guid>

					<description><![CDATA[<p>Michael Marchant, Head of Investigations at Open Secrets, on POWER CREATIVE CORNER about the “Who Owns South Africa?” (WOSA) series. Its first profile, The System: Money, Power and Politics, explores how concentrated wealth and corporate dominance influence policy, deepen inequality, and hinder social progress.</p>
<p>The post <a href="https://www.opensecrets.org.za/who-owns-south-africa-the-system-money-power-and-politics-creative-corner/">Who Owns South Africa: The System- Money, Power and Politics | CREATIVE CORNER</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1756902186555" >Who Owns South Africa: The System- Money, Power and Politics | CREATIVE CORNER</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/radio-interviews/' class='category-chip'>Radio and Podcast Interviews</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			September 1, 2025

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			<iframe loading="lazy" src="https://omny.fm/shows/power-podcasts/creative-corner-who-owns-south-africa-the-system-money-power-and-politics/embed?style=Cover" width="100%" height="180" allow="autoplay; clipboard-write" frameborder="0" title="CREATIVE CORNER: Who Owns South Africa: The System- Money, Power and Politics"></iframe>
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			<p>Michael Marchant, Head of Investigations at Open Secrets, interviewed on POWER 98.7 about the “Who Owns South Africa?” (WOSA) series. Its first profile, The System: Money, Power and Politics, explores how concentrated wealth and corporate dominance influence policy, deepen inequality, and hinder social progress. By highlighting the gap between the elite and millions dependent on social grants, the series seeks to promote transparency, empower citizens, and hold powerful actors accountable.</p>

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</div><p>The post <a href="https://www.opensecrets.org.za/who-owns-south-africa-the-system-money-power-and-politics-creative-corner/">Who Owns South Africa: The System- Money, Power and Politics | CREATIVE CORNER</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></content:encoded>
					
		
		
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		<item>
		<title>Open Secrets report reveals Who Owns SA &#124; Radio 786</title>
		<link>https://www.opensecrets.org.za/open-secrets-report-reveals-who-owns-sa-radio-786/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Mon, 01 Sep 2025 11:55:24 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Radio and Podcast Interviews]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Who Owns South Africa?]]></category>
		<category><![CDATA[wosa system]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12539</guid>

					<description><![CDATA[<p>South Africa’s democracy is under pressure from things like unchecked corporate influence, to political capture. Investigative non-profit, Open Secrets, has launched its series Who Owns SA, with part one, “The System – Money, Power and Politics”.</p>
<p>The post <a href="https://www.opensecrets.org.za/open-secrets-report-reveals-who-owns-sa-radio-786/">Open Secrets report reveals Who Owns SA | Radio 786</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1756899224294" >Open Secrets report reveals Who Owns SA | Radio 786</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/radio-interviews/' class='category-chip'>Radio and Podcast Interviews</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/who-owns-south-africa/' class='category-chip'>Who Owns South Africa?</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
	<div class="wpb_text_column wpb_content_element  vc_custom_1757944277765 authors-box-round" >
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			September 1, 2025

		</div>
	</div>

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			<div class="wpb_video_wrapper"><iframe loading="lazy" title="OPEN SECRETS report reveals Who Owns SA | Radio 786" width="500" height="281" src="https://www.youtube.com/embed/FXPIqLQ3fo8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div>
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	<div class="wpb_text_column wpb_content_element " >
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			<div id="expanded" class="style-scope ytd-text-inline-expander"><span class="yt-core-attributed-string yt-core-attributed-string--white-space-pre-wrap" dir="auto" role="text"><span class="yt-core-attributed-string--link-inherit-color" dir="auto">South Africa’s democracy is under pressure from things like unchecked corporate influence, to political capture. Investigative non-profit, Open Secrets, has launched its series Who Owns SA, with part one, “The System – Money, Power and Politics”. The report reveals how private interests, and elite networks, shape public policy, often at the expense of accountability. From arms deals to financial secrecy, it traces the architecture of corruption across decades. </span></span></div>

		</div>
	</div>
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</div><p>The post <a href="https://www.opensecrets.org.za/open-secrets-report-reveals-who-owns-sa-radio-786/">Open Secrets report reveals Who Owns SA | Radio 786</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>Open Secrets launches new investigative series &#124; Newzroom Afrika</title>
		<link>https://www.opensecrets.org.za/newzroom-afrika-open-secrets-launches-new-investigative-series/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Sun, 31 Aug 2025 05:00:51 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[TV Interviews]]></category>
		<category><![CDATA[wosa system]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12532</guid>

					<description><![CDATA[<p>Michael Marchant, Head of Investigations at Open Secrets speaks to Katlego Msomi at Newzroom Afrika about new investigative series 'Who Owns South Africa?'</p>
<p>The post <a href="https://www.opensecrets.org.za/newzroom-afrika-open-secrets-launches-new-investigative-series/">Open Secrets launches new investigative series | Newzroom Afrika</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1756897215553" >Open Secrets launches new investigative series</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/news/tv-interviews/' class='category-chip'>TV Interviews</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			August 31, 2025

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			<div class="wpb_video_wrapper"><iframe loading="lazy" title="Open Secrets launches new investigative series" width="500" height="281" src="https://www.youtube.com/embed/6OZKeFcNtiU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div>
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			<p><span class="yt-core-attributed-string yt-core-attributed-string--white-space-pre-wrap" dir="auto" role="text"><span class="yt-core-attributed-string--link-inherit-color" dir="auto">Open Secrets has launched a new investigative series titled Who Owns South Africa?. The series offers in-depth analysis of the powerful private interests that dominate large parts of the South African economy. By examining both the broader system and key sectors, WOSA aims to reveal who truly controls the private sector. The first profile in the series The System: Money, Power, and Politics unpacks the foundations of South Africa’s political economy, exposing the forces that shape power and control in the country. Michael Marchant, Head of Investigations at Open Secrets speaks to Katlego Msomi.</span></span></p>

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</div><p>The post <a href="https://www.opensecrets.org.za/newzroom-afrika-open-secrets-launches-new-investigative-series/">Open Secrets launches new investigative series | Newzroom Afrika</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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		<title>INVESTIGATION&#124; Who Owns South Africa: The System- Money, Power and Politics</title>
		<link>https://www.opensecrets.org.za/wosa_system/</link>
		
		<dc:creator><![CDATA[Michael Marchant]]></dc:creator>
		<pubDate>Wed, 27 Aug 2025 15:00:00 +0000</pubDate>
				<category><![CDATA[Investigations]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[State Capture Profiteers]]></category>
		<category><![CDATA[Who Owns South Africa?]]></category>
		<category><![CDATA[wosa profile]]></category>
		<category><![CDATA[wosa system]]></category>
		<guid isPermaLink="false">https://www.opensecrets.org.za/?p=12488</guid>

					<description><![CDATA[<p>South Africa faces 33% unemployment and record corporate profits. Open Secrets' new investigation, Who Owns South Africa reveals how money, power and politics fuel inequality.</p>
<p>The post <a href="https://www.opensecrets.org.za/wosa_system/">INVESTIGATION| Who Owns South Africa: The System- Money, Power and Politics</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div class="vc_row wpb_row vc_row-fluid vc_custom_1754475253921"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner vc_custom_1753861151816"><div class="wpb_wrapper"><h1 style="font-size: 36px;color: #000000;line-height: 110%;text-align: left;font-family:Open Sans;font-weight:700;font-style:normal" class="vc_custom_heading vc_do_custom_heading vc_custom_1753861170720" >INVESTIGATION| Who Owns South Africa: The System- Money, Power and Politics</h1></div></div></div></div><div class="vc_row wpb_row vc_row-fluid vc_custom_1753862027812"><div class="n-post-column wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754995215906"><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner vc_row-fluid vc_custom_1754475179817 vc_row-o-content-bottom vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner vc_custom_1754474794234"><div class="wpb_wrapper"><div class="category-chips"><a href='https://www.opensecrets.org.za/category/investigations/' class='category-chip'>Investigations</a> <a href='https://www.opensecrets.org.za/category/news/' class='category-chip'>News</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/' class='category-chip'>State Capture Profiteers</a> <a href='https://www.opensecrets.org.za/category/theme/state-capture-profiteers/who-owns-south-africa/' class='category-chip'>Who Owns South Africa?</a> </div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner vc_custom_1754475316700"><div class="wpb_wrapper"></div></div></div></div>
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			<p>August 27, 2025<br />

                
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                                                                                                                                                                                                                <img alt='' src='https://www.opensecrets.org.za/wp-content/uploads/2022/04/Michael-Marchant.jpg' srcset='https://www.opensecrets.org.za/wp-content/uploads/2022/04/Michael-Marchant.jpg' class='multiple_authors_guest_author_avatar avatar' height='30' width='30'/>                                                                                                                                                                                                            </div>
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                                                                <div class="pp-author-boxes-name multiple-authors-name"><a href="https://www.opensecrets.org.za/author/michael-marchant/" rel="author" title="Michael Marchant" class="author url fn">Michael Marchant</a></div>                                                                                                                                                                                                
                                                                                                                                
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                                                                <div class="pp-author-boxes-name multiple-authors-name"><a href="https://www.opensecrets.org.za/author/cheriese-dilrajh/" rel="author" title="Cheriese Dilrajh" class="author url fn">Cheriese Dilrajh</a></div>                                                                                                                                                                                                
                                                                                                                                
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			<p>In 2025, South Africa entered the fourth decade of its democracy. Yet democracy has not yet delivered on creating a more equal society, South Africa faces staggering inequality. Unemployment sits at 33%—with youth joblessness above 46%—while over 28 million people rely on social grants to survive. At the same time, South Africa boasts Africa’s most advanced financial system, where banks, corporations, and executives record soaring profits.</p>
<p class="p2">This first profile in Open Secrets’ new series, <i>Who Owns South Africa</i>, explores the deep structural divide between the fragile “bottom” and the powerful corporate “top.” <i>The System: Money, Power and Politics</i> reveals how concentrated private wealth, oligopolies, and corporate dominance continue to shape South Africa’s economy and politics, and asks what this means for the struggle to end inequality.</p>
<p><strong>Read and download the first profile below!</strong></p>

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</div><p>The post <a href="https://www.opensecrets.org.za/wosa_system/">INVESTIGATION| Who Owns South Africa: The System- Money, Power and Politics</a> appeared first on <a href="https://www.opensecrets.org.za">Open Secrets</a>.</p>
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