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

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top business intelligence software for South African companiesSouth African companies working with lots of data can use business intelligence software to help them streamline operations and run cost-effectively.
Source: mybroadband - 🏆 11. / 67 Read more »

South African insurance companies add exclusion for total Eskom grid collapseSeveral major South African insurers have informed customers they will be adding exclusions for a total Eskom grid collapse to their policies. South African insurance companies choose to exclude a risk that would in all likelihood bankrupt them If you're upset with this ask yourself if you would be ok living in a world with no insurance at all because they all went bankrupt paying out claims due to a grid collapse They tell you to insure in case of a disaster. And when the real disaster comes they all run for the hills and change the rules.. Scamsters Interesting, so that suggests they do factor that as a real risk now...
Source: mybroadband - 🏆 11. / 67 Read more »