R700bn lost to corruption in 20 years

JOHANNESBURG – South Africa has lost R700bn to corruption over the last 20 years, the Institute of Internal Auditors said on yesterday.
“The cost of corruption in the last 20 years . . . we have lost R700bn,” CEO Claudelle von Eck said at the launch of the Anti-Intimidation and Ethical Practices Forum in Johannesburg.

Von Eck, who is the forum’s chairperson, said people who tried to report corruption were often muzzled. “Members are being intimidated when they try and raise the issue of corruption in an organisation.”

Von Eck said the forum aims to educate its members about corruption, advise them how to reveal corruption, and what to do when whistle-blowers are intimidated.

It was intended to be a professional collective voice which would make pronouncements about the state of governance in the country.

The forum consists of an executive committee, agencies who can take action, interested organisations, and an evaluation panel.

“As professionals we have a responsibility, an understanding that our responsibility does not begin and end just at our desk and just at our jobs. We’ve got to carry South Africa,” she said. – Fin24

 

Related Posts

Man collapses and dies in Bulawayo CBD

Ryan Sibanda, [email protected] A yet to be identified elderly man collapsed and died on Wednesday afternoon at the corner of Robert Mugabe Way and 9th Avenue. When a Zimpapers news crew…

Government plans vehicle ferry for Kasambabezi Border Post

Sikhumbuzo Moyo recently in Binga GOVERNMENT is set to introduce a dedicated large vessel capable of carrying both passengers and vehicles across the Zambezi River at the newly commissioned Kasambabezi…

Leave a Reply

Your email address will not be published. Required fields are marked *

×