Cape Town - Save SA convenor Sipho Pityana launched a scathing attack not only on President Jacob Zuma in his address at the Cape Town Press Club on Thursday, but told South Africa's private sector to clean up their act and “eradicate corruption in its own ranks”.
“When the corruption in the construction industry for example emerged after the 2010 Soccer World Cup, business didn't come forward and demonstrate how they'd fight corruption,” he said. “It's time business started cleaning up its own act.”
Seven listed construction companies that were implicated agreed in October 2016 to collectively contribute R1.5bn to a fund earmarked for socio-economic development over a 12-year period.
FULL ADDRESS: Sipho Pityana at the Cape Town Press Club
This was in addition to a R1.4bn fine imposed on WBHO, Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks by the competition authorities. The companies have a combined annual construction revenue of about R45bn.
Each company CEO had to sign an “integrity commitment” to implement steps to ensure there are no collusive or corrupt practices in the company, its dealings with government, competitors or any other private clients, Minister in the Presidency for Performance Monitoring and Evaluation Jeff Radebe said at a post-Cabinet media conference at the time.
Speaking at the Press Club, Pityana said the private sector should come up with its “own blueprint of how it will commit to transform the economy and help create an equitable society”.