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R2K protests outside JSE

Right to Know members are picketing against corporate corruption.

The Right2Know Campaign pickets outside the JSE, they are protesting against corporate corruption ahead of the anti corruption march on Wednesday. Picture: Vumani Mkhize/EWN.

JOHANNESBURG - Supporters of the Right to Know (R2K) campaign have arrived at the Johannesburg Stock Exchange where they are picketing against corporate corruption, which the NGO says has cost South Africa R700 billion in 20 years.

The R2K activists say the picket is part of International Right to Know Day, and they are trying to highlight the dangers and evils of corporate secrecy.

It's also a precursor to The Unite Against Corruption marches to Parliament and the Union Buildings in the Western Cape and Pretoria on Wednesday.

R2K spokesperson Dale McKinley says corporate corruption is overlooked in South Africa.

"We believe that there is a great deal of corporate secrecy in our country that is not being paid attention to, specifically around issues of transfer pricing, taking money illegally out of the country and share ownership. We're in the dark."

ANTI-CORRUPTION MARCHES

At the same time, the Federation of Unions of South Africa (Fedusa) says it's national executive committee has not approved support for the corruption marches and it won't subject its members to potential disciplinary action.

The marches are being supported by National Union of Metalworkers of South Africa and the National Council of Trade Unions.

But the workers' one-day demonstration is not protected by law as the strike certificate from Nedlac is only valid from 8 October.

Fedusa General Secretary Dennis George says, "We are not going to endanger the jobs of our people by encouraging people to participate in illegal action that could lead to companies taking disciplinary action against them."