SA the 15th most likely country to use bribery – survey

2011-11-03 08:29

Companies from South Africa are seen as the 15th most likely to use bribery to secure foreign contracts, according to the Transparency International website.

South Africa ranked 15th most likely on the 2011 Bribe Payers Index survey released this week, which covered 28 of the world’s leading economies.

“The countries and territories ranked in the index cover all regions of the world and represent almost 80% of the total world outflow of goods, services and investments,” the website said.

The report looked at various types of bribery including, for the first time, bribery among companies.

Countries were scored on a scale of 0 to 10, where a score of 10 indicated that companies from a certain country never bribe abroad.

South Africa scored 7.6 out of 10.

“Foreign bribery has significant adverse effects on public well-being around the world.”

It distorted the fair awarding of contracts, reduced the quality of basic public services, limited opportunities to develop a competitive private sector and undermined trust in public institutions, Bribe Payers Index said.

Brazil, which forms part of the Brics alliance between Russia, India, China and South Africa, was awarded 7.7 and was in 14th place.

Companies from Russia and China, which invested $120 billion (R957 billion) overseas in 2010, were seen as most likely to pay bribes abroad.

The Netherlands and Switzerland were seen as least likely to bribe.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.