Posts

SA’s echoes of leaders who plundered their countries

By Mandisi MajavuFirst published in The Conversation One of the shameful achievements of the African National Congress (ANC) in its 25 years of governing post-apartheid South Africa is that it’s living up to the political stereotype of what is wrong with post-colonial Africa – unethical and corrupt African leaders who exercise power through patronage. The widespread corruption Read more >

The problem of corruption in professional services

By Kwazi Dlamini A recent series of briefs by the Helen Suzman Foundation (HSF) has shed light on the role that four particular professional service industries have played in enabling corruption – these industries are law, accounting, auditing and management consulting. Among their members are names we have become used to hearing about, and not Read more >

Professionals – or professional wrongdoers?

By Kwazi Dlamini Characteristics of a profession: • The offering of a service to the public; • The possession of a special skill; • Having undergone specified training and education; • The possession of privilege or state recognition; • Membership to a self-disciplined group, with a “community of interest in theory and in fact among Read more >

Clamping down on wayward auditors

Auditors and auditing firms have been in the news in recent months. We read about the likes of VBS Mutual Bank, Steinhoff and others, where auditors seemingly turned a blind eye to irregularities. Firms such as KPMG, which has been implicated in scandals involving the Gupta-owned Linkway Trading as well as the South African Revenue Read more >

CW demands transparency in promised Bain investigation

Corruption Watch has expressed disgust at the corrupt conduct of yet another large multinational corporation, Bain & Company, as recently revealed at the Nugent Commission of Inquiry into SARS. The commission revealed that the global management consultancy had, in undertaking a massively costly investigation at SARS, allowed itself to be used to further the corrupt Read more >

CW welcomes Hawks’ arrest of Vrede scandal suspects

Corruption Watch applauds the Hawks’ morning raid on the Gupta compound, and the subsequent arrests in relation to the Vrede dairy farm investigations, including that of Ajay Gupta. Also arrested was Free State’s agriculture department head, Peter Thabethe. The organisation has repeatedly called for those implicated in multiple corruption scandals to be held accountable and Read more >

TI UK and CW call for Gupta banks to be investigated

First published on Transparency International UK A recent statement in the UK Parliament has generated widespread speculation that a major British bank has been involved in the South Africa’s Gupta scandal. In response, Transparency International (TI) UK and Corruption Watch, TI’s national chapter in South Africa, have called for a firm approach to be taken Read more >

Corruption rampant in South Africa – Corruption Watch

By Anine Kilian First published on Engineering News There are a multiplicity of factors that drive corruption in both public and private institutions throughout South Africa, nongovernmental organisation Corruption Watch chairperson Mavuso Msimang said on Tuesday. Addressing delegates at the ninth Chartered Secretaries Southern Africa Corporate Governance conference, in Johannesburg, he highlighted that, in the Read more >

AEPF: SA professionals do have ethical courage

Professionals working in the auditing and accounting fields in South Africa are generally keen to report unethical behaviour within their fields, provided the conditions under which they do so are conducive and supportive. There are risks involved in exposing corruption or unethical behaviour, and if companies and professional bodies do not curb incidents of intimidation, Read more >