The world and South Africa are plagued by scandals of corruption and alleged wrongdoing in politics and business alike. You may recall the ENRON scandal in the nineties, though we aren’t short of examples closer to home: the Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practices in South Africa.
Some of the allegations against these companies have not yet been put to trial, but the collateral damage is done. Tainted reputations have driven away important clients to the detriment of share price performances.
Though these examples are known because they have been exposed in the public domain, forensic research shows that some small businesses are just as bad, and are using smarter ways to conceal bribes to win contracts, tenders and appointments.