Corruption a cancer to development - ANC

2015-08-25 07:35
Cyril Ramaphosa at the Mangaung conference. (Felix Dlangamandla)

Cyril Ramaphosa at the Mangaung conference. (Felix Dlangamandla)

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Johannesburg – Corruption is hampering economic integration and Africa’s development, the ANC says in discussion documents for its upcoming national general council.

"Corruption has become a cancer to our development objectives," it says.

The NGC, to be held in October, is intended to assess progress made in implementing resolutions taken at the ANC’s last elective congress, in Mangaung in December 2012.

It cites reports by the African Development Bank and Global Financial Integrity Institute indicating that illicit capital flows are hampering Africa’s social and economic development.

Some of the consequences are higher inflation, less tax revenue and trade, and cancelled investments.

"Each and every year, roughly one trillion dollars flow illegally out of the developing countries due to crime, corruption, and tax evasion."

Read more on:    anc  |  anc ngc  |  corruption
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