Hilary Joffe Columnist

Former finance minister Trevor Manuel has delivered a counter to those equating corruption in the private and public sectors, saying company boards in the former tend to take allegations of corruption more seriously than in state-owned entities and government departments. Speaking on Thursday at the World Economic Forum on Africa, Manuel said he had never encountered a private sector company whose board had a tender committee, as the boards of SA’s state-owned enterprises did, with many of the disclosures of corruption in state-owned enterprises involving tendering and procurement. "For the board to get involved in awarding tenders is not good governance," he said. His comments came in response to those of Public Enterprises Minister Lynne Brown and Cosatu president Sdumo Dlamini, who suggested there was just as much corruption in SA’s private sector as in the public sector. Manuel was forthright in his comments on Eskom specifically. He urged that a strong independent judicial comm...

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