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South Africa to join the OECD's Anti-Bribery ConventionSouth Africa is to become the 37th signatory and first African country to join the OECD's Anti-Bribery Convention. Adopted in 1997 and ratified so far by 36 countries, this Convention outlaws the bribery of foreign public officials in international business transactions. Pretoria - Through country monitoring and extensive peer follow-up, the OECD Convention is designed to ensure that the fight against bribery is effective, thus creating a level playing field for fair competition between companies. South Africa, by signing the OECD Anti-Bribery Convention, will help to strengthen the OECD convention and will thus contribute to the international fight against corruption. |