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Anti-graft regulations: how to ensure compliance

SA’s latest anti-corruption weapon Section 43 of the regulations:   Section 43 of the regulations, accompanying the Companies Act, brings South Africa into line with an agreement with the Organisation for Economic Cooperation and Development (OECD), which requires that certain measures be taken to combat and prevent corruption.   South Africa and 142 other countries Read more >

New anti-graft rules: SA firms to take note

By Chantelle Benjamin South African firms are now accountable for the actions of the companies they contract to when it comes to corruption and are prohibited from funding political parties, according to new regulations for the Company Act, issued quietly last year. Read the guidelines to ensure regulations compliance here. Local companies are also bound Read more >

‘SA firms lack grasp of anti-bribery law’

By Chantelle Benjamin 13 April 2012 – South African law places onerous obligations on local companies to ensure that they do not participate in corruption, bribery or fraud, whether within the country or abroad, yet few companies are fully aware of compliance requirements to the relevant legislation. This is according to Steven Powell, an executive Read more >