Government Procurement Losses in South Africa

in Business Risk

An estimated $3.8 Billion a year of all government procurements in South Africa go missing each year due to corruption, theft, or negligence and lack of institutional control, according an anti-corruption agency in the country. The losses represent up to 20 percent of all government procurements.

Source: “South Africa loses billions to negligence and corruption,” Los Angeles Times, World Now Blog, October 15, 2011.

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