South Africa better take note that business people in the US and the UK are starting to see Zimbabwe as more attractive for investments than SA, which is getting a more corrupt image, according to forensics specialist Dave Loxton of the legal firm ENSafrica.<\/p>\n
“Corporate SA must do more about the country’s image of bribery and corruption,” said Loxton at the launch of the ENSafrica 2015 anti-bribery and corruption survey on Tuesday. About 88 organisations in Africa, including Mauritius, were surveyed.<\/p>\n
Loxton pointed out that the survey found that about 72% of bribes in Africa are in the third party space.<\/p>\n
“Know who you are in bed with,” he cautioned.<\/p>\n
Steven Powell, co-head of forensics at ENSafrica said there are ten things the US Department of Justice usually expects to see in a company’s anti-bribery and corruption programme.<\/p>\n
These are:<\/strong><\/p>\n The UK Government looks at:<\/strong><\/p>\n Powell also said the general corruption levels in SA could very well be “almost out of control and almost anything can be acquired at a price”.<\/p>\n He expressed concern about corruption becoming entrenched in municipalities and in the government, adding that only about 10% of corporates in South Africa are probably anti-corruption compliant.<\/p>\n Fin24<\/a><\/p>\n South Africa a \u201cbribery hot spot\u201d in Africa<\/a><\/strong><\/p>\n How government plans to legalise corruption: Helen Zille<\/a><\/strong><\/p>\n\n
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