Public procurement is one of the most corruption-prone activities that governments undertake. The UN Office on Drugs and Crime cites several reasons for this situation, including the volume of transactions, the multitude of stakeholders, and the close interaction between public officials and businesses. Corruption Watch (CW) has built up an extensive body of work around Read more >
CORRUPTION NEWS
Business is the most trusted sector in the world, above non-governmental organisations (NGOs), media, and governments. This is one of the surprising findings of the 24th Edelman Trust Barometer (ETB), released by global communications firm Edelman earlier in 2024. The ETB measures the level of trust in governments, the media, business, and NGOs in 28 Read more >
CORRUPTION NEWS
By Kirsten Pearson One unique feature of public finance is the concept of lapsing funds. Any unspent government funds at the end of a financial year must be returned to the treasury. This makes perfect sense. If government is borrowing money to fund its programmes, why leave funds idle while paying interest on loans? But Read more >
CORRUPTION NEWS
Image: Alpha Stock Images The Public Procurement Act (PPA) is finally here, after President Cyril Ramaphosa signed it into law on 23 July 2024. However, the act is not yet in force, as the president has not determined the date on which it will take effect. This will be gazetted in due course. Broadly, the Read more >
CORRUPTION NEWS
Chief Justice Raymond Zondo will leave office at the end of August, having served as the head of the country’s judiciary since April 2022. As part of his legacy, he will be remembered for chairing the Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector, Including Organs of Read more >