ECON 512 Assignment Question 1 Counting the cost of state capture State capture is estimated to have cost South Africa upwards of R100bn. Some economists say the actual figure is much higher, and the devastation wrought on the economy far worse than previously thought. Declining public service and the announcement of South Africa's tailspin into recession can be blamed on government's lack of honesty‚ accountability and state capture. Looting of public or state owned enterprise has led to critical economic challenges in South Africa... More