In the recent Corruption Perceptions Index released by Transparency International, South Africa ranked 64 out of 183 countries surveyed. The report reveals that a number of governments are failing to safeguard citizens from corruption, whether it is abuse of public resources, bribery or secretive decision-making.
Transparency International cautioned that protests throughout the world, frequently ignited by corruption and economic instability, illustrate that citizens feel their leaders and public institutions are neither transparent nor accountable enough.
“This year we have seen corruption on protestors’ banners be they rich or poor. Whether in a Europe hit by debt crisis or an Arab world starting a new political era, leaders must heed the demands for better government,” said Transparency International chairperson Huguette Labelle.
The Corruption Perceptions Index ranks countries and territories based on their perceived levels of public sector corruption. Regarded as an aggregate indicator that brings together numerous sources of information about corruption, making it possible to compare countries.
The 2011 Corruption Perceptions Index reveals that absolutely no region or country globally is immune to the damages of corruption. The result reveal that a vast majority of the 183 countries and territories evaluated score below five on a scale of 0 (highly corrupt) to 10 (very clean) .
New Zealand, Denmark and Finland top the list, while North Korea and Somalia are at the bottom.
South Africa scored 4.1 out of 10.
Corruption comes with a cost. Transparency International is of the opinion that investing in a “relatively corrupt” country as compared with an uncorrupt one can possibly be 20% more costly.
South Africa ranked 64 out of 183 countries in Transparency International’s 2011 corruption perceptions index, slipping 10 places from the previous year and ranking the country in seventh place in sub-Saharan Africa.
Corruption continues to plague way too many nations across the world.
To view full report and country rankings – click here