Ramaphosa’s Special Tribunal will fast-track recovery of R15bn which was looted

During his State of the Nation Address (SONA) President Cyril Ramaphosa said on Thursday evening that the Special Investigating Unit’s Special Tribunal will be begin in the coming months and around R15-billion is expected to be returned to government funds which were looted.

The Special Tribunal will comprise of eight judges, who will fast-track civil claims which had been presented by the Special Investigating Unit (SIU).

The president said that government will strengthen the NPA, SIU, SARS and State Security Agency and not tolerate corruption, rent-seeking and plundering of public money.

Ramaphosa is concerned about the state of the economy but has vowed to speed up emergency funding for Eskom as a reliable and sustainable power supply is needed to ensure growth.

A special parliamentary bill is expected to offer Eskom a significant portion of the R230-billion the state entity requires to survive.

Some politicians interviewed by EWN felt that Ramaphosa is dreaming and did not offer any tangible solutions while others were happy that the president had outlined the priorities