Corruption in South Africa is corroding schools, municipalities, state-owned enterprises and the health sector. This story line continues weekly with revelations of political leaders being implicated in mismanagement of resources, the looting of public assets and maladministration for self-interest and greed. Corruption is now a normal way of life for South Africans. Corruption is seen as one of the biggest impediments to achieving the Sustainable Development Goals (SDGs). The world can only achieve the SDGs if every nation has strong, transparent and inclusive institutions, based on the rule of law and supported by the public.
The five partner exchanges that founded the Sustainable Stock Exchanges (SSE) initiative – B3 (Brazil), The Egyptian Exchange, Johannesburg Stock Exchange, Borsa Istanbul and Nasdaq – received the first-ever SSE Ground-Breaker Award for their commitment to sustainable development. The award acknowledges ground-breaking efforts by a stock exchange that contribute to achieving the SDGs.
Uganda’s commitment to sustainable development is demonstrated through the ratification and domestication of regional and continental development agendas that align to the SDGs. As a result of Uganda is making significant strides in attaining the SDGs. Based on a recent UN Sustainable Development Solutions network SDG index report, Uganda scored 54.9% higher than the sub-Saharan Africa average of 52.8%. SDG index and dashboards report provides a report card for country performance on the historic agenda 2030 and the Sustainable Development Goals (SDGs).
South Africa has won the top global award at the United Nations Investment Promotion Awards for its excellence in improving investment sectors that have social and economic benefits and help countries meet SDGs. The awards, organised by the United Nations Conference on Trade and Development (UNCTAD), not only honours investment promotions agencies and their governments for their achievements, but also showcases best practices in attracting investment into SDG-related projects. This esteemed award shows that South Africa’s industrial development is playing an important role towards its economic growth and the investment drive has made a significant contribution towards achieving the SDGs.
The global pace of innovation and technological change is changing the way goods and services are designed, produced, transported and consumed. This will have significant and sweeping implications for trade, investment and development in developing countries. Speakers at the World Investment Forum’s Global Leaders Investment Summit, 24 October, stressed that developing countries need to invest in hard infrastructure like roads and broadband connections if they are to flourish in the new digital economy and achieve the SDGs.