http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.83Change: 0.14
R/$ = 15.85Change: -0.04
Au 1238.77 $/ozChange: -14.98
Pt 956.50 $/ozChange: -6.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 13, 2012

Business makes integrity-pact overtures

Back
Johannesburg|Africa|Business Unity South Africa|Efficiency|Projects|Public Enterprises|UNGC South Africa|Africa|South Africa|Ebrahim Patel|Futhi Mtoba|Infrastructure|Jacob Zuma|Malusi Gigaba|Pravin Gordhan
|Africa|Efficiency|Projects||Africa||Infrastructure|
johannesburg|africa-company|business-unity-south-africa|efficiency|projects|public-enterprises|ungc-south-africa|africa|south-africa|ebrahim-patel|futhi-mtoba|infrastructure|jacob-zuma|malusi-gigaba|pravin-gordhan
© Reuse this



Business Unity South Africa (Busa) president Futhi Mtoba has called on the South African government to integrate integrity pacts into its transaction model, particularly for large procurement items, so as to improve transparency, accountability and help it in combatting corruption.

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

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Infrastructure News
Updated 7 hours ago The Western Cape Department of Transport and Public Works has started work on Phase 1 of a R487-million upgrade to the N1 freeway around Cape Town. The main contractor is Martin & East.
Atterbury Property Developments director Coenie Bezuidenhout
Atterbury Property Developments is developing a R850-million, 103 000 m2 industrial and business park at the intersection of the N3 highway and Rand Airport road, next to the Elandsfontein interchange. Atterbury designed the park on a site it acquired in Gosforth...
More
 
 
Latest News
Updated 6 hours ago The Competition Tribunal on Friday gave a conditional go-ahead for mobile operators Cell C, MTN and Vodacom to buy out their respective subscriber bases, as South Africa’s last independent service provider Altech Autopage calls it a day. The Allied Electronics...
Updated 6 hours ago The drought in Southern Africa could become one of the worst on record should the current below-normal rainfall continue, the United Nations (UN) World Food Programme said this week. The El Niño conditions presently being experienced in the region had resulted in a...
Updated 6 hours ago Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
More
 
 
Recent Research Reports
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...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
 
 
 
 
 
This Week's Magazine
WIDENING FLEXIBILITY The trailers have a 3-m-wide (2-file) and 4.3-m-wide (2-file) configuration
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149