South Africa: State corruption and private cartels corrode public trust – Patel
06 Oct 2016

Cartel behaviour in the private sector and corruption within the public sector are “corrosive of public trust, they unfairly distribute economic resources and they undermine legitimate enterprise”, Minister of Economic Development Ebrahim Patel said on Thursday.

Patel was speaking at the Competition Commission’s annual competition law, economics and policy conference focusing on competition policy and economic growth in Cape Town.

“Just as we expect business leaders to act within the law – and not to unfairly enrich themselves – so too public officials need to act firmly against corruption and efforts to benefit unfairly and unlawfully from access to public office,” he said.

Advance your CPD minutes for this content, by signing up and using the CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.