Jack Magakwe

By Jack Magakwe

Public procurement plays a pivotal role in driving economic activities. Globally and in Africa, one of the key drivers of economic acceleration is vested in the procurement of goods and services. The main objective of the study is to assess the root causes affecting the public procurement functions in key public institutions. The chapter is analytical and explores the root causes of corrupt practices globally and more specifically in the South African environment. This chapter, furthermore, highlights the need for the risk methodology approach to clearly understand why corruption in public procurement is rampant globally and in Africa, and how can measures be implemented to eliminate potential risk factors. This chapter contributes to the body of knowledge on corruption by looking at the sources of corruption through the lens of institutional inefficiency and root analysis. To answer the issue of whether traditional causes of corruption hold up in the face of strong anti-corruption regulations in globally and Sub-Saharan Africa, we complement conventional variables in modern literature with institutionally entrenched ones.

Part of the book: Corruption

By Jack Magakwe

Corruption, bribery, and money laundering represent some of the most pervasive and damaging global issues facing societies today. Corrupt and illicit activities erode trust in public institutions, hinder economic growth, and fuel organized crime. This chapter will delve into the multifaceted challenges of corruption, bribery, and money laundering globally and explore the various strategies and initiatives to combat them. The chapter reflects on understanding the complexity of corruption, bribery, and money laundering from a global perspective. During the past century, many scholars conducted research focused on anti-corruption measures, but limited attention was devoted to exploring why corruption and money laundering still increase despite the strong legislative and institutional capabilities to curb corrupt practices. This chapter also explores the ability of AI as a tool to curb corruption and minimize the risk factors of corruption in various institutions globally. It was recommended that comprehensive due diligence and risk mitigation practices should be implemented together, engaging in collective action, advocating for policy reforms, and supporting initiatives that strengthen the rule of law to prevent bribery and money laundering.

Part of the book: Corruption, Bribery, and Money Laundering