SAICE explicitly condemns corruption in any form. When the companies were found guilty of collusion by the Competition Commission, it was clear that individuals from these companies were involved.

SAICE approached ECSA to take action against such individuals. ECSA provided documentation on procedures to be followed. ECSA will not initiate an investigation before someone submits a formal affidavit.

On receipt of this SAICE is starting to lobby the Competition Commission to urgently submit affidavits to ECSA to make it possible to have these individuals in contravention of the terms of the Gazetted Rules of Conduct for Registered Persons, struck off the register. SAICE will then follow suit by taking appropriate action should they be members of the Institution.

Watch this space!

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