This from dailymaverick.co.za:
It’s early days. But when it comes to the so-called Panama Papers – a 2.4 terabyte leak of documents from a Panama-based law firm called Mossack Fonseca – it does appear that we’re dealing with a data leak bigger than both Wikileaks and the Snowden files. Most important, it regards something we have always known, but have struggled to prove: the rich and celebrated hide their money in secret offshore tax shelters. Welcome to one of the biggest stories of our time. And while you’re settling in, try guessing which famous South African family immediately pops up in the files? By RICHARD POPLAK.
Here’s a booming salvo from the vast global digi-mocracy we were promised by the earliest of the internet’s Utopians: Clive Khulubuse Zuma is a big fat scumbag. Oh, I’m aware that this was common knowledge before some unbelievably heroic soul snagged 2.4 terabytes of filth from the servers of a Panamanian law firm called Mossack Fonseca. A resulting collaborative media project has mined the data for recognisable names, and fancy-ass notables like Vladimir Putin, Lionel Messi and the president of Iceland are now implicated in a reverse alchemical process that has turned money into – fresh air!
Full story here: