- Fighting corruption: the duty to report0.77 MB
Corruption is a crime that is not unique to South Africa, but is endemic around the globe. In many instances, white collar crime syndicates have infiltrated companies and defrauded them of millions. The recent economic crisis has no doubt exacerbated the situation and placed financial pressure on many individuals to maintain lifestyles built on credit and ill considered borrowing. These are some of reasons for the increase in corruption the world is faced with today.
South Africa is to be commended for introducing the Prevention and Combating of Corrupt Activities Act No 12 of 2004 ("PACCA"). PACCA, which came into force on 27 April 2004, is the legislature's attempt to combat corruption in South Africa.
Written by: Dave Loxton, Director at Werksmans Attorneys
EMAIL THIS ARTICLE SAVE THIS ARTICLE FEEDBACK
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
