Pravin speaks on the disease of greed
Receiving the Order of the Baobab from the Business Ethics Network of Africa, the former finance minister says SA has an economic system that incentivises corruption
South Africans need to fight institutionalised corruption‚ greed and state capture through mobilised activism that leads to action in the streets — if we are to have an impact. This is the advice from ANC MP and former finance minister Pravin Gordhan. He told delegates at the Ethics and Energy conference at Stellenbosch University on Thursday‚ that the country had an economic system that “incentivised” corruption and “rewarded” greed. “With the kind of economic system that dominates [SA]‚ the social standards by which people are judged actually incentivises corruption, because greed is a key driver of economic behaviour‚’’ said Gordhan. “One of the biggest diseases we need to sort out is the disease of greed. That is what breaks institutions and turns individuals toward particular forms of behaviour.”
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