Fmr. World Bank Economist on Medupi Power Plant Loan

[vinniefromgeni]

So the ruling party in South Africa the 'ANC' owns a very substantial amount of shares in the company awarded the contract to build the power station, yes that is right they gave themselves the contract, they stand to make hundreds of millions, they are recycling the money being loaned to the county by the world bank. Day by day the goverment corruption is getting more and more blatant. And if you were thinking 'yes but those millions are going to go the the people of the country' you are wrong.

[isawanangel2]

no good, this just means no one gives a crap about the glaciers:o(