Corruption in South Africa - either in the public or the private sector - seems to be a way of life these days, with the World Economic Forum's latest competitiveness report citing it as one of the reasons we are losing ground in the global stakes in the quality of our auditing and financial reporting. The growing calls for President Jacob Zuma to establish an independent commission of inquiry into state capture have received the support of business, labour and most in government. And, if we are to believe the CEO of the Public Investment Corporation that there are corrupt individuals concocting the unsavoury takeover of the continent's largest fund manager, growing calls to probe state capture should be resoundingly supported by all. However, the inconsistency with which many have responded to acts of corruption negates our seemingly newfound spirit to deal with it. The reality is that business has largely been silent on the corruption that goes on in the private sector, and govern...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now