In the context of the current public discourse about corruption, the SA Chamber of Mines and its members said on Tuesday that they are concerned about the impact of corruption on social values, societal behaviour and on the fair distribution of the benefits of economic growth among South Africa’s citizens.
The Chamber shares these concerns with many other members of society, whether in business, in government, or in the non-governmental sector including its counterparts in the trade union movement.
As a result, the Chamber said in a statement on Tuesday that it commits itself neither to offer nor to accept bribes or any other unethical inducements, both within the private sector or to or from public officials and public institutions. “We commit ourselves to fully abiding with legislative and regulatory requirements,” the Chamber added.
The Chamber, which represents over 90% of South Africa’s mining industry, believes that business has a duty to conduct itself ethically, with integrity and in good faith in regard to customers, competitors, suppliers, government and regulatory authorities and to its own employees.
It also believes that an open market encourages competition, and that competition is a major long term assurance of excellence.
The Chamber welcomes vigorous competition and will not engage in any form of price fixing, market rigging or other anti-competitive practices that would give it an unfair advantage over competitors or over consumers who are entitled to enjoy the benefits of that competition.