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Zuma slams

Zuma slams private sector corruption

Zuma spoke of the need to protect the ANC from corporate greed.
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ANC ELECTIVE CONFERENE
SOWETO, SOUTH AFRICA – APRIL 12: President Jacob Zuma during his 75th birthday celebrations at Kliptown on April 12, 2017 in Soweto, South Africa. While giving a speech, Zuma said he would step down if the ANC asked him to do so. (Photo by Gallo Images / Sowetan / Sandile Ndlovu)
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President Jacob Zuma touched on “corporate greed” in his address at the ANC National Elective Conference on Saturday.
Following a long delay, the conference finally kicked off and Zuma addressed a number of key issues including corruption in the public sector, which he says has been dressed up in fancy terms instead of being called what it is.
With a straight face, Zuma said corruption is just as bad in the private sector as it is in government but is not met with the same outrage as it is instead given terms like “weak governance systems”.
“Corruption in the private sector is as bad as that that is found in government and must be dealt with decisively by all [law] enforcement agencies. Corporate collusion is now a criminal offence punishable with 10 years in prison in terms of the new provision signed last year‚” Zuma.
“Legislation has been put in place by the ANC to eradicate corruption in the public sector. Since 2009‚ the president of the republic has signed 84 proclamation… authorising the Special Investigating Unit to investigate maladministration and corruption in government and state institutions.”
Zuma also touched on the thorny issue of state capture as he said business leaders implicated in state capture will be investigated and brought to book.

“Allegations made against some sections of the business community regarding the said capture of the state to advance business interest will be probed further in the judicial commission of inquiry that we committed to establish as the ANC some time ago‚ in order to uncover the truth,” he added.
Zuma called on members of the ruling party to be vigilant and protective of the organisation.
  “We need to find ways to protect the ANC from corporate greed,” Zuma said.
His comments come at the back of some high-profile corruption cases, most recently that which involves retail holding company, Steinhoff.

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