Today's Labour News

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Busa2Fin24 reports that Business Unity South Africa (BUSA) said on Wednesday that to help weed out graft, SA company directors must he held criminally responsible for corrupt practices taking place under their watch.  

“Where there is evidence of criminal behaviour, regardless of scale, this should be brought to the attention of the relevant authorities, charges should be laid and prosecutions pursued.  This includes pursuing personal criminal liability for directors where applicable,” said BUSA, which represents organised SA businesses, in a statement.  BUSA wants corporate SA to institute a “zero tolerance approach” to corruption, which it noted was hurting SA’s economic prospects, scaring off foreign direct investment and wasting tax rands.  The organisation said it expected KPMG SA to “speedily and comprehensively” investigate allegations that its South African unit was involved in corruption.  It also called on other businesses to share the results of internal investigations into suspected misconduct with the public, and not keep them secret.

  • Read this report by Jan Cronje in full at Fin24
  • Don’t expect to find BUSA’s press statement on its web site because it’s not there


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