Abstract:
Corruption in the private sector is part of the total level of corruption in a country.
It is necessary to investigate the level of corruption in Namibia in comparison with
other countries. One of the most popular indices used by investors to provide them
with an indication of the level of corruption in a country as a decision-making indicator
for investment purposes is the Corruption Perception Index of Transparency International
(TI). The TI Index on corruption and good governance is
compiled annually per country. Countries are classified as open economies or closed
economies. Countries are rated out of 10 – with 10 being a perfect score, indicating
no corruption and perfect good governance. The problem with international indices,
however, is that they are simplistic indices and do not perceive and tackle corruption
from a holistic or systemic perspective.
