Jul 13, 2012
Business makes integrity-pact overturesBack
Johannesburg|Africa|Business|Business Unity South Africa|Efficiency|Finance|Projects|Public Enterprises|UNGC South Africa|Africa|South Africa|Ebrahim Patel|Futhi Mtoba|Infrastructure|Jacob Zuma|Malusi Gigaba|Pravin Gordhan
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
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...