JOHANNESBURG – Corruption within the government and state-owned enterprises (SOEs) has been very well covered, but not enough has been said about the role of the business sector, investment entrepreneur Steven Nathan said on Monday.
In a statement, Nathan, founder and the chief executive of 10X Investments, noted that the government and SOEs did not conduct business with themselves but rather with the business sector, implying it was complicit in corruption and had benefited from it.
“What people forget is that it takes two to tango, that there are two sides to corruption,” said Nathan, whose company is sponsoring the “Business Against Corruption” forum late next month.
He urged business leaders to hold themselves to the same high standards they demanded from the government.
“Quite frankly, many in the business sector have failed in this regard, which has allowed the government and SOEs to be dishonest and to benefit from corruption,” Nathan said.