How the private sector is dealing with corruption
The private sector needs to move beyond compliance and understand its responsibility to society through operating ethically
How widespread is corruption in the private sector, and what impact does it have on the economy and other stakeholders? SA has growing expectations that corruption in both the public and private sectors will be dealt with decisively, but scandals linked to public sector and corporate dishonesty continue to occur.
This has major implications for taxpayers, citizens and the integrity of the state. The real cost of corruption is not just financial loss, reputational damage and penalties — it includes the loss of jobs that would otherwise have been created, loss of income tax due to illegal cash outflows, negative impacts on socioeconomic growth, and the stunting of competitiveness in the country...
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