Graft is a complex beast, so we need a multipronged approach to ...

Business

Graft is a complex beast, so we need a multipronged approach to kill it

But there is a strategy that can be implemented immediately to incentivise honest and clean behaviour

Krish Naidoo

Corruption has emerged as one of the biggest threats to humanity in developing and developed countries. It distorts economic growth, lowers foreign direct investment, decreases productivity due to the inefficient allocation of contracts, provides an incubator for general crime and dilutes societal norms and values.

Two years ago, President Cyril Ramaphosa established a number of commissions to probe the conduct of senior public servants in the government and state-owned enterprises (SOEs), thereby signalling the intent to arrest the scourge of corruption.

Corruption is not a new phenomenon and has its roots in ancient history. The existence and recognition of corruption dates back to documents produced by the Greek philosophers. Archives recovered from the Middle Kingdom in Assyria in about 1400BCE refer to public servants taking bribes. There are also references to bribery in the Old Testament...

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