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The Impact of Corruption

The Impact of Corruption

South Africa ranked as the 61st most corrupt country out of 168 countries in 2015 according to Transparency International. In this article, we explore the potential costs of current levels of corruption for the South African economy and their implications for the socioeconomic rights of South Africa’s poorest citizens.

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South Africa ranked as the 61st most corrupt country out of 168 countries in 2015 according to Transparency International. In this article, we explore the potential costs of current levels of corruption for the South African economy and their implications for the socioeconomic rights of South Africa’s poorest citizens.  Before explaining that the state could partially reduce those costs if it could tackle the corruption problem effectively, we first briefly outline the types of activities captured by the word “corruption”.

© 2018 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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