'Retreat of foreign investment from Africa means less looting', 2 Sep 2015:…[A] Zimbabwe NGO conference…was dedicated to fighting illegal capital flight from across the African continent…[Will] the region’s…economic-justice NGOs take the next step and also consider fighting legal financial outflows…?...My argument to the conference…[was that while] so-called “illicit financial flows” (IFFs) reflect…the corrupt ways that wealth is withdrawn from Africa, mostly in the extractives sector…even if IFFs were reduced, there’s another reason that FDI leaves Africa much poorer: what I term Licit Financial Flows (LFFs)…legal profits and dividends sent home to TNC headquarters after FDI begins to pay off…[M]ore nuance is important in terms of which firms are…looting. It’s not just…Western TNCs…South African…companies…[that also] draw out excessive FDI profits [include]…British American Tobacco, SAB Miller…MTN…Vodacom…Naspers…Standard, Barclays, Nedbank and FirstRand [banks]…Sasol…and…Anglo American…The result is the systematic internal looting of Africa by South Africa…[Also refers to Investec, Old Mutual, Didata, Mondi, Liberty Life, De Beers, BHP Billiton, Vale, Rosatom, and Vedanta]