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OPINIONISTA: It’s high time business makes amends for the role it played in State Capture

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A conscious and detailed strategy is needed to restore legal and ethical practice in the South African economy, with the business sector providing an uncompromising lead, not backmarking.

It takes two to tango. Blame for the infamous “Zupta” State Capture decade has mainly focused upon a corrupt president and his cronies. But South African and global businesses were culpable too.

It is high time the business community owned up and ostracised anybody still playing this game. Because if that happened, corrupt politicians and officials would have their looting massively curbed. An important forum organised by the UK South Africa Chamber of Commerce, with Pretoria University’s business school, Gibs, on 15 February 2023,These include an uncompromising refusal to pay backhanders for public procurement contracts. Also a refusal by consultants and lawyers to sanctify wrongdoing – in either state-owned enterprises or government – with “whitewashing” reports.

All of this to ensure that South Africa’s business reputation, which was consistently ranked in the world’s top five, is restored.

 

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