Corruption risks to business

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How corruption is fraying SA’s social, economic fabric
If South Africa is to recover, then the country’s badly frayed socio-economic fabric will need to be restitched, not just patched, writes Sean Gossel. Reversing the effects of state decay on the poor will take short-run and long-run interventions. Short-run measures will need to include holding public officials to account, reforming state owned enterprises and reversing the numerous institutional weaknesses at all levels of government, while long-term interventions must involve both public and private stakeholders.
Money laundering

Corruption news

Global anti-money laundering in four charts
As of April 2017, the level of country compliance with the FATF 40 recommendations rests at just 25% across the 30 countries most recently assessed. While this is definitely an improvement since 2011, when full compliance across 160 countries was at 12.3%, taking 27 years since the standards were introduced to get to a 25% compliance level cannot exactly be called rapid progress.

Corruption news

New international centre to combat grand corruption
International agencies have joined forces to tackle grand corruption across borders. Earlier in July the International Anti-Corruption Coordination Centre opened its doors, with the aim of clamping down on a crime category that can include bribery of public officials, embezzlement, abuse of power and money laundering of illegal proceeds.

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How corruption is fraying SA’s social, economic fabric

By Sean Gossel First published on The Conversation  South Africans are not happy. According to the recent Bloomberg’s Misery Index, South Africa is the second-most miserable country on earth. Venezuela tops the list of emerging countries. This isn’t too surprising considering that the country is embroiled in multifaceted crises. It also has among the highest Read more >

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Time for govts to accept that civil society is not the enemy

By Cathal Gilbert First published on Al Jazeera There is a growing list of critical problems in the G20’s inbox, namely a faltering global economy, terrorist threats in a majority of G20 member states, and a patched-up climate change agreement. Solving these problems will take more than 20 heads of state and their economic ministers. Read more >

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