Jul 13, 2012
Business makes integrity-pact overturesBack
Johannesburg|Africa|Business Unity South Africa|Projects|Public Enterprises|UNGC South Africa|Africa|South Africa|Ebrahim Patel|Futhi Mtoba|Infrastructure|Jacob Zuma|Malusi Gigaba|Pravin Gordhan
© Reuse this
Speaking at a National Business Initiative (NBI) function held in Johannesburg in a bid to urge South African corporates to sign up to the United Nations Global Compact (UNGC), which has anticorruption as one of its ten core principles, Mtoba indicated that business had already lobbied the National Treasury on the matter.
Earlier this year, Finance Minister Pravin Gordhan indicated that his department was reviewing procurement rules in an effort to improve spending efficiency and reduce corruption. Public-sector financial management failures would receive attention and there might also be changes to regulations to ensure greater transparency and public disclosure and more rigorous tender procedures.
The NBI, Busa and the South Africa arm of the UNGC had, through its anticorruption projects, already introduced an integrity pact model, which had been developed by Transparency International in the 1990s.
Mtoba, who is also UNGC South Africa chairperson, said the model demanded that participants in large procurement programmes agree to a set of procedures, as well as an independent monitor, designed to ensure that transactions were well governed and corruption free.
The South African government had already acknowledged that public spending was prone to wastage and corruption and that there was a need to ensure that the R850-billion public infrastructure programme did not fall prey to that tendency.
Mtoba said she was excited that President Jacob Zuma used his State of the Nation address to support the notion of integrity pacts, and that the idea had received further momentum when Economic Development Minister Ebrahim Patel indicated that government was keen of concluding an integrity accord with business.
Also speaking at the event, Public Enterprises Minister Malusi Gigaba encouraged South African companies to embrace the UNGC principles, noting that all eight of the State-owned companies falling under his department were now signatories.
He said government would continue to pursue other social-compact economic policy interventions, as had already been the case with the local procurement, green economy and skills accords.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Infrastructure News
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...