Anton Du Plessis
Corruption is the most neglected human rights violation of our time. It fuels injustice, inequality and deprivation and is a major catalyst for migration and terrorism. The social and political consequences of corruption rob nations of resources and potential, and drive inequality, resentment and radicalisation in Africa.
Corruption stands in the way of successful cities, sustainable economies and safe societies.Corruption taps African governments’ fiscus to the tune of $50bn annually.
A report by the African Development Bank and Global Financial Integrity found up to 65% of lost revenue disappeared in commercial transactions by multinational companies. Oxfam says as much as 30% of African financial wealth is estimated to be held offshore, costing about $14bn in lost tax revenues annually.
Source: Manica Post
Click Link for more: http://manicapost.co.zw/corruption-robs-fiscus-fuels-radicalisation/
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