Jean-Jacques Cornish

Angola sovereign wealth fund manager salts away $40 for himself in 20 months

The Paradise Papers currently leaking the  financial bolt holes of the world’s super-rich reveals a friend of former President Eduardo Dos Santos’s son making a $41 million dollar profit from 20 months of managing the Angolan people’s fund.

Angolan-Swiss citizen Jean-Claude Bastos says his takings pale by comparison with the earning he’s generated for the fund.

Jean-Claude Bastos is a close friend of former president Eduardo dos Santos’s 39-year-old son Jose Filomento.

He was put in charge of Angola’s sovereign wealth fund that generated $90 million between May 2014 and the end of 2015.

Bastos salted away $40-million in profit for himself and invested the rest in the British Virgin Islands.

Oil-rich Angola tops the list of Transparency International’s corrupt countries.

The majority of  Angolans live in abject poverty and it has among the highest child mortality rates in the world.

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Jean-Jacques Cornish is a journalist and broadcaster who has been involved in the media all his adult life.

Starting as a reporter on his hometown newspaper, he moved briefly to then Rhodesia before returning to South Africa to become a parliamentary correspondent with the South African Press Association. He was sent to London as Sapa’s London editor and also served as special correspondent to the United Nations. He joined the then Argus group in London as political correspondent.

Returning to South Africa after 12 years abroad, he was assistant editor on the Pretoria News for a decade before becoming editor of the Star and SA Times for five years.

Since 1999 he’s been an independent journalist writing and broadcasting – mainly about Africa – for Talk Radio 702 and 567 Cape
Talk, Radio France International, PressTV, Radio Live New Zealand, Business Day, Mail & Guardian, the BBC, Agence France Press,
Business in Africa, Leadership, India Today, the South African Institute for International Affairs and the Institute for Security Studies.

He has hosted current affairs talk shows on Talk Radio 702 and 567 Cape Talk. He appears as an African affairs pundit on SABC Africa and CNBC Africa.
He lectured in contemporary studies to journalism students at the Tshwane University of Technology and the University of Pretoria.

He speaks on African affairs to corporate and other audiences.
He has been officially invited as a journalist to more than 30 countries. He was the winner of the 2007 SADC award for radio journalism.

He’s been a member of the EISA team observing elections in Somaliland, Democratic Republic of Congo, Madagascar, Zimbabwe, Egypt and Tunsiai.

In October 2009 he headed a group of 39 African journalists to the 60th anniversary celebrations of the Peoples’ Republic of China.

In January 2010 he joined a rescue and paramedical team to earthquake struck Haiti.

He is immediate past president of the Alliance Francaise of Pretoria.

Jean-Jacques is a director of Giant Media. The company was given access to Nelson Mandela in his retirement years until 2009.
He is co-producer of the hour-long documentary Mandela at 90 that was broadcast on BBC in January 2009.