for subscribers

Joffe on corruption – Transformation’s achilles heel. Where did FIFA millions go?

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Where one gains another loses, it’s the zero sum game, and in such cases it’s usually the majority.

Alleged corrupt activities are prevalent in all formats, be it business or sport. But what’s the real impact if money is flowing up illegally, rather than its expected route to grass roots? Government, in particular sports minister Fikile Mbalula, has come out attacking sporting codes for a lack of transformation, going as far as banning the right to host international events the four of the big codes.

It goes back to the age old problem of accountability, and the lack thereof. Transformation doesn’t begin at the highest level, it starts at grass roots, but who’s really responsible for development? And when money flows up, it’s only transformation that suffers.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.49
(+0.90)
ZAR/GBP
22.83
(+1.35)
ZAR/EUR
20.54
(+1.13)
ZAR/AUD
12.50
(+1.28)
ZAR/JPY
0.16
(+1.63)
Gold
1914.41
(-5.61)
Silver
24.83
(-14.54)
Platinum
931.00
(-5.42)
Brent Crude
44.95
(+1.33)
Palladium
2081.07
(-6.36)
All Share
57168.24
(+0.72)
Top 40
52831.61
(+0.76)
Financial 15
10215.75
(+3.21)
Industrial 25
75524.64
(+1.14)
Resource 10
58677.82
(-0.46)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 960 votes
It depends on how the funds are used.
74% - 6390 votes
No. We should have gotten the loan elsewhere.
15% - 1317 votes
Vote