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24 May 2019 | Story Eloise Calitz | Photo Charl Devenish
Gangster book Discussion
From left: Jacques van Wyk from the Association of Certified Fraud Examiners (ACFE) Cathy Dlodlo, news editor from OFM; Pieter Roux from the UFS Business School; Alta Vermeulen from the UFS Department of Political Studies and Governance and Pieter-Louis Myburgh, author

A packed Odeion Auditorium at the University of the Free State was welcomed by Professor Helena van Zyl, Head of the UFS Business School. The reason being, a panel discussion with award-winning investigative reporter and author, Pieter-Louis Myburgh, on his much-publicised book Gangster State: Unravelling Ace Magashule's Web of Capture. The programme took the form of a panel discussion. The panellists included Pieter-Louis Myburgh, author; Jacques van Wyk from the Association of Certified Fraud Examiners (ACFE); Cathy Dlodlo, news editor from OFM; Alta Vermeulen from the UFS Department of Political Studies and Governance; and Pieter Roux from the UFS Business School.

In his introduction, Myburgh said he was happy that he was able to come to Bloemfontein and have the discussion, since South Africans should cherish freedom of speech and a free press.

The research for the book took 13 months to conclude, and during this time he spent a lot of time in the Free State and Bloemfontein. He mentioned that the book gave him the opportunity to present a condensed account of what he discovered; he could therefore share more, as opposed to just reporting on a story in the newspaper. For him, investigative reporting should always be fact based and open to scrutiny.

Some of the topics raised by the panel was concern about the perception that investigative journalists are focusing more on corruption in the public sector and less on the private sector. This was, however, discarded as a myth, as Myburgh pointed out that he exposed both private and public sector dealings in order to provide the full scope of involved parties.

Focusing on whistle blowers, the panel challenged the verification of whistle-blower information. Myburgh responded that journalists never use only one whistle-blower’s evidence, since that is merely the start of the investigation. Further investigation was necessary, and facts had to be verified. With that said, there is still a lot to be done with regard to the protection of whistle-blowers, he concluded.

The floor was opened to the audience, which provided the opportunity to ask questions and raise concerns about what was mentioned during the panel discussion. The audience eagerly participated in the discussion. In conclusion, Myburgh reiterated that society plays a vital role in keeping those in power to the promises they make.

After the discussion, the audience had the opportunity to have their books signed by the author.

News Archive

Valuable advice for businesses in difficult times
2013-04-15

 

Prof Helena van Zyl, Director of the Business School, and Dr Reuel Khoza.
Photo: Stephen Collett
15 April 2013


Dr Reuel Khoza, Chairman of the Nedbank Group, shared the group’s valuable rules for managing a bank in difficult times in an MBA lecture on the Bloemfontein Campus. Dr Khoza is a visiting professor at the UFS Business School.

He focused in the lecture on the group’s business and leadership model and highlighted some do’s and don’ts:

  • Do not surprise your stakeholders on the downside – communicate transparently, particularly when there is bad news.
  • Retrenching staff to contain costs should be a last resort – the damage to corporate culture from retrenchments is immense. Follow and support your customers – get as close to them as possible because business changes slowly, but customer behaviour can change in an instant.
  • Integrated central capital and funding management.
  • Entrench well-established reporting, KPIs and measurement systems.
  • Ensure strong independent risk management.
  • Manage your cost base – anticipate downturns and re-base your costs to avoid crisis-cost management.
  • Take advantage of opportunities – an economic downturn creates a situation where valuations fall and assets are sold off, which can be a great opportunity for acquisitions.
  • Keep innovating – innovation does not have to be a costly exercise, as the right culture can promote and encourage experimentation and collaboration.
  • Whatever you do – avoid a price war, as expedient pricing decisions may hurt the business in the longer term.

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