Capital flight in South Africa

September 17th, 2009

Staggering – capital flight out of South Africa could be 20% of GDP. That’s massive organised theft.

And the big increase is transfer mispricing.

That is corporate theft.

Don’t tell me that corproations don’t help create poverty in these places. They do so deliberately.

This data from economists at the University of Witswaterand, Johannesburg.

Written by Richard Murphy

RT @icrict: Listen to @icrict Cochair @Jayati1609 explaining why Brazil must end its "masochistic" policy of austerity and extremely high…
- Monday Mar 27 - 2:31pm

Follow @FinTrCo