Published 25 days ago • South Africa • Updated 24 days ago

Navigating an organisation’s obligation to prevent corruption under section 34A of PRECCA

Summary by LexBlog

Employers to put in place “adequate procedures” to prevent corruption It has been almost one year since the establishment of the offence of failing to prevent corruption in section 34A of the Prevention and Combating of Corrupt Activities Act, 2004 (PRECCA), which came into effect on 3 April 2024. Since then, companies in the private sector and state owned entities may be guilty of an offence if anyone associated with them gives, agrees or offe…

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Agyenim-Boateng assures of SIC’s committment to its obligations

SIC Insurance PLC on Wednesday paid a non motor insurance claim of $ 1,020,77.98 to the Volta River Authority (VRA) in Accra. The claim was paid under the VRA’s Asset All Risk Policy in respect to the explosion of the feed water pipeline to the boiler of VRA’s Heat Recovery Stream Generator at Aboadze, Takoradi, in the Western Region. Presenting a cheque to the CEO of VRA, Ing. Edward Ekow Obeng-Kenso, the Acting Managing Director of SIC Insuran…

24 days ago

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