Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Pikoli warns of procurement corruption

Nov 16 2010 11:01 Sapa

Related Articles

SA needs anti-corruption culture: Baloyi

Alarm over missing tender records

Plans to fight corruption imminent

Cosatu to launch corruption watchdog

'Tighten tender processes'

'Kill corruption, create new wealth'

 

Top Stories

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.

Interest rates unchanged

May 24 2012 15:29

The Reserve Bank will maintain current interest rates, says governor Gill Marcus.

Income inequality divides SA - survey

May 23 2012 22:00

Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.

 
Share Share line Print
Johannesburg - Procurement is an area of government that needs to be carried out with transparency to avoid future problems, former National Prosecuting Authority head Vusi Pikoli said on Tuesday.

Speaking at the Smart Procurement World 2010 conference, Pilkoli highlighted the importance of fostering transparency by providing the public with timely, accessible and accurate information.

He said the constitution made direct reference to procurement in section 217, and said that it must be done in an accountable and transparent manner "without creating more problems than what we are trying to solve".

"When any sector is marred by a culture of impunity, that's where the rot comes in," he said.

"There's a lot we can do to root out corruption. Government can't do it alone; we need partnerships and collaborations with both the private and public sector."

Procurement and supply chain management are the functions that directly affect the bottom line of all business and government departments.

Pikoli said he knew of other countries where corruption was so rife that even judges are bought.

"If you can hire a judge then why need a lawyer," he said, adding that this happened in countries where even the judiciary cannot be trusted.

"It's fortunate South Africa doesn't have judges who can be bought like that."

The problem in this country was police officials and lawyers.

"At the end of the day, our salvation should lie in the rule of law," he said.

The conference was attended by hundreds of procurement and supply chain management professionals from the private and public sectors.

Pikoli was fired from his job as National Director of Public Prosecutions at the end of a sequence of events which appeared to start with him trying to arrest former national police chief Jackie Selebi.

Selebi is lodging an appeal against his 15-year prison sentence for corruption.

 
 
Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

Items with an underlying monetary nature Utility, scarcity and exchangeability are the three basic attributes of an economic item which, in combination, give it economic value. All economic items are exchangeable and money is generally the generally accepted medium of exchange. All economic items t... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...