Luxury properties in South Africa are being used to launder vast sums of money tied to corruption across Africa. This is according to a new investigative report by local non-profit Open Secrets. The report, titled For Sale: South Africa's Property Laundromat, reveals how political elites from countries such as Mozambique, Equatorial Guinea, and the Democratic Republic of Congo (DRC) exploit SA’s real estate market to conceal illicit gains.

The report identifies hotspots for these illicit transactions, including high-end neighbourhoods in Johannesburg, Cape Town, and luxury suburbs such as Bishopscourt and Clifton. This report outlines some of the challenges of combating corruption, how it will affect our greylisting status and practitioners involved in concealing these purchases. The report also delves into the implications of these purchases inflate local property prices, making affordable housing unattainable for many South Africans.To share more on this report and the recommendations, we are joined by….

Guest: Ra'eesa Pather - Senior Investigator at Open Secrets