The department of public service and administration has published new proposed legislation that will outlaw public servants from doing business with the state – directly and indirectly.
The draft regulations have a strong anti-corruption thread, whereby the department will investigate conflicts of interest when companies do business for the government and public servants stand to gain from the deals.
The rules aim to prevent public servants from doing business with the state directly or indirectly – to do this, government officials will be required to declare all their business interests and links.
As part of the new rules, public servants will be required to disclose their business interests once a year, including shares, loan accounts or any other form of equity in a registered private or public companies.
Public servants will also have to disclose any directorships or partnerships they have with businesses, as well as any remuneration associated with these.
In the event a conflict of interest is found, the matter will be directed to an “executive authority”, which will have 30 days to investigate and develop a plan of action to “remove the conflict of interest”, where possible.
No penalty or punishment for not adhering to the rules is listed, but the draft document does say that failure to adhere to the rules at any level will lead to disciplinary action.
The draft regulations have been published for public comment, with a deadline set at 15 August.
Source: Business Tech