• All Share : 53344.2008
    UP 0.02%
    Top40 - (Tradeable) : 47161.8336
    UNCHANGED0.00%
    Financial 15 : 16911.0896
    DOWN -0.73%
    Industrial 25 : 66349.6236
    UNCHANGED0.00%
    Resource 10 : 45729.948
    UP 0.69%

  • ZAR/USD : 11.6892
    UP 0.25%
    ZAR/GBP : 17.9471
    UP 0.03%
    ZAR/EUR : 13.0483
    UP 0.16%
    ZAR/JPY : 0.0969
    UNCHANGED0.00%
    ZAR/AUD : 9.0744
    DOWN -0.09%

  • Gold US$/oz : 1213.55
    UNCHANGED0.00%
    Platinum US$/oz : 1188.75
    UNCHANGED0.00%
    Silver US$/oz : 16.61
    UNCHANGED0.00%
    Palladium US$/oz : 818
    UNCHANGED0.00%
    Brent Crude : 62.58
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Mon Mar 02 05:33:45 SAST 2015

'Corruption costs SA 20% of GDP'

Sport Staff | 16 May, 2011 03:47

Local sports bodies must fight corruption - which costs South Africa an estimated 20% of GDP - through transparency, the Council for the Advancement of the South African Constitution told the country's sports leaders at the weekend.

Addressing the SA Sports Confederation and Olympic Committee's (Sascoc) presidents council in Johannesburg, Lawson Naidoo of the Council for the Advancement of the South African Constitution said: "It's estimated that 20% of the GDP is lost to corruption annually.

"A key step is the removing of the obvious opportunity for corruption and the need for transparency. Secrecy is the oxygen for corruption to flourish. Sports bodies have a very definite role in exposing corruption.

"Casac will be launching our Red Card corruption campaign on June 26 and trust that the sporting movement will be right with us," he said in a press release issued by Sascoc.

Sascoc president Gideon Sam said SA sport must also speak with one voice at the inaugural national sports Indaba to take place in Johannesburg in August. "We must speak with a single voice when it comes to transformation, school sport and funding."

To submit comments you must first

Join the discussion & Debate

'Corruption costs SA 20% of GDP'

For Commenters Consideration | Please stick to the subject matter
Mon Mar 02 05:33:45 SAST 2015 ::