Capital Crimes: Illicit financial flows, tax evasion and transfer pricing

Workers On Wednesday, 26 September 2018, broadcast on SAfm 104-107 and online, Wednesdays at 10 a.m.

Colonialism did not end when European administrators and settlers relinquished political control over their assets and granted them independence. Value continues to be extracted from the developing world, particularly the African continent, in the form of profits that are not declared and value that is hidden and smuggled out to a metropole in the global North. Transfer pricing by Lonmin saw the multinational ship out profits from its platinum mines to postbox management companies in a tax haven while it shirked its social responsibilities in fulfillment of its mining license. In real material ways, the bloody outcome of this theft was the 2012 massacre of mineworkers in Marikana.


  • Zwelinzima Vavi – South African Federation of Trade Unions (SAFTU) General Secretary
  • Dick Forslund – Economist, Alternative Information and Development Centre (AIDC)

Listen to the inputs here:

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