Read the latest e-paper

E-Editions: Business Day and Financial Mail Online
Read Now

This year, South Africans have been mesmerised by the complicity of giants of the private sector in corruption and state capture. The disclosures about long-established and ostensibly reputable companies such as KPMG, McKinsey, Bell Pottinger and SAP have exposed a world of double-dealing and brazen dishonesty that has shocked many people. The assumption, it seems, had been that such global icons of capitalism existed primarily as a force for societal good. However, while the corporate state capture disclosures may be extreme, these situations are far from the only ones in which the private sector operating in SA undermines efforts to transform society for the better. The vast inequality that characterises SA underpins the country’s social and economic instability, and provides fertile ground for corruption. But many of SA’s biggest companies appear to operate in a universe entirely divorced from the realities of society, and act in ways worsening this inequality, rather than use th...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.