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Decisions and consequences go hand-in-hand. This is why having adequate, relevant information at your fingertips is a critical aspect of any decision-making process - more so when these decisions affect the operation of business and company reputation.
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Vetting in the supply chain function enables business to review their suppliers and vendors with the intention of mitigating risk before entering into business relationships.
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Suppliers play a huge role in the operational capacity of a business and with a mutually healthy relationship, trusted suppliers can help a business satisfy customer needs, even in a pinch.
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Is a clean audit possible for organisations at a time when corruption, fraud, dishonesty and non-compliance in procurement threaten to undermine the very foundations of an honest company?
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Technological innovation benefits business by putting pioneering solutions in the hands of busy professionals, thus promoting self-sufficiency and accuracy.
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In the past 20 years, threats and incidents of terrorism have grabbed global headlines and urged nations to step up laws against not only the act but also the financing of terrorist activities.
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The prevention and mitigation of bribery and corruption is an obligation placed on companies by the UK Bribery Act 2010, which states that companies must implement effective controls, measures and due diligence to demonstrate their commitment towards preventing bribery as a matter of priority.
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Corruption involves a wide range of activities including bribery and dishonest or fraudulent practices by relatively powerful people.
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This following a pledge by President Ramaphosa and the recent announcements by Public Service Minister Senzo Mchunu, and Public Works and Infrastructure Minister Patricia de Lille that the government will be conducting lifestyle audits on state employees and ministers. But what are lifestyle audits and what place, if any, do they have in the private sector?
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Businesses and third parties share complex relations. While each will prioritise their own bottom line, they need each other in order to operate.