South Africa: R700 Billion Lost to Corruption in 20 Years

2015-01-28 /

Johannesburg — South Africa has lost R700 billion to corruption over the last 20 years, the Institute of Internal Auditors said.

"The cost of corruption in the last 20 years... we have lost R700bn," CEO Claudelle von Eck said at the launch of the Anti-Intimidation and Ethical Practices Forum in Johannesburg.

…Von Eck said the forum aimed to educate its members about corruption, advise them how to reveal corruption, and what to do when whistle-blowers were intimidated.
…"We cannot be silent. As professionals we should be able to say this is what the state is, this is what we need to do to rectify things."
The forum consists of an executive committee, agencies who can take action, interested organisations, and an evaluation panel.