Corporate SA needs higher moral standards

In the same vein, as the biggest beneficiaries of the transition, corporates have to take a good hard look at themselves. Terreblanche's analysis fittingly describes the culpability of the private sector.

"The post-apartheid period is in many aspects as immoral and as inhumane as the apartheid period - if not more so. The white elite and the white corporations were given the privilege of transferring all the wealth they had accumulated . - and also the part that was accumulated undeservedly - almost intact to the new South Africa.

"For the new black corporations, lucrative opportunities have been created since 1994 to accumulate considerable wealth, and part of their wealth was also undeservedly accumulated." Corporates have participated - as consultants, as winners of tenders, as parties to public-private partnerships - to the collapse and inefficiencies of the state by a lack of conscientiousness and empathy for the ordinary citizens who rely on the services and infrastructure they are contracted to provide.

Given the role envisaged for the private sector in rescuing SOEs, now more than ever before corporate SA needs to be held to higher moral and ethical standards.

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