Three years ago very few C-suite executives factored in a global pandemic such as Covid-19, and by April 2020 most five-year strategies had to be tossed. Those who survived revealed that more than being strategic, they needed to be resilient.
These situations of rapid change have facilitated the spread of corruption by fraudsters. Not surprisingly, 83% of respondents would like to see greater transparency and availability of ultimate beneficial ownership information to help in the fight against corrupt activity hamstrings businesses. The Cabinet has proposed several anti-corruption measures, including requiring officials to step down from public office if charged.
Beneficial ownership transparency must be seen as part of a broader set of measures to reform procurement corruption, where South Africa lags behind in creating a transparent, open and corruption-proof system.Fronting is pervasive and very few of those either implicated or found guilty of procurement fraud are debarred from doing continued business with government. From fronting to money laundering, beneficial ownership transparency initiatives must be enforced.
Our problem is not corruption, our problem is competence. Corruption flourishes in the absence of competence...corruption is stifled when facing competence !!!! PRASA_Group ; PostofficeSa, etc all lack competence on the board and competence in their ranks...cadre deployment !!!
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What has allowed corruption to set in?
Congratulations to the lucky winners yesterday.We are still giving out a payment of R17000 to R19000 to the first 30 people to comment CASH just like we did yesterday .
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Gin 'more popular than beer' among middle and upper class South Africans — surveyThere are more gin drinkers than beer drinkers in SA households with a monthly income of R10,000 and above, according to a BrandMapp study. Is there ANY book (Including ALL varsity textbooks) you are in need of? . Here's your chance!WhatsApp me on 0631616798 with the tittle of the book and I'll definitely get it for you In PDF format We have ALL local &International Books N.B:ALL books are R50 each (Excl.Textbooks sneh_khuzzy 'Amantombazane alayikhaya aphuza okudlula abafana.' 😂 Congratulations to the lucky winners yesterday.We are still giving out a payment of R17000 to R19000 to the first 30 people to comment CASH just like we did yesterday .
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