Corruption and Fraud
Implats has a zero-tolerance stance on fraud and corruption. Our expectation is that employees, business partners, contractors and associates conduct themselves with the highest level of integrity and in line with the Implats code of ethics and the fraud policy. A detailed code of ethics forms the foundation of the Group’s fraud policy, in line with the organisational culture which promotes a strong and healthy ethical fibre. Both policies are fully compliant with the Prevention and Combating of Corrupt Activities Act of 2004.
Executives and line management are responsible and accountable for the implementation of the fraud policy, code of ethics and resultant procedures.
Our fraud policy prescribes that all reported allegations be investigated. A total of 139 allegations were reported Group-wide this year, 65 of which were received by the South African operation, 13 from Mimosa and 61 from Zimbabwe. All reported allegations were investigated in compliance with our fraud policy.