by Liezl Groenewald | Published on 25 February 2019 for The Ethics Institute monthly newsletter
Being in South Africa in the current social and economic climate, and especially participating in business here, is not for the fainthearted. According to the PWC Global Economic Crime Survey (PWC, 2018), South Africa has again reported the highest percentage of economic crime in the world. Asset misappropriation is listed as the most committed crime, and procurement fraud, and bribery and corruption, are third and fourth respectively. These findings tie neatly (and painfully) in with the evidence presented at the Commission of Inquiry into State Capture (to name but one such inquiry) that huge amounts of government and shareholder assets have been, well, wasted. The effects of these crimes on society are too many and too great to mention in this article, but it is fair to say that they are felt by every citizen in one way or the other.