1. Introduction
This policy aims to uphold Taggit Asset Technologies’ commitment to integrity, transparency, and ethical conduct by preventing, identifying, and addressing any risk of bribery, corruption, or influence peddling in its operations.
2. Scope
This policy applies to:
- All directors, employees, contractors, agents, suppliers, and business partners.
- All operations, subsidiaries, and engagements globally.
3. Definitions
- Bribery: Offering, giving, receiving, or soliciting anything of value to improperly influence a decision or action.
- Influence Peddling: Using one’s position or relationship with a public or private official to influence decisions in exchange for a benefit.
- Facilitation Payment: A small, unofficial payment made to speed up a routine action, prohibited under this policy.
4. Policy Statements
Taggit Asset Technologies strictly prohibits:
- Offering, promising, giving, requesting, or accepting bribes or kickbacks.
- Using personal or business relationships to improperly influence decisions.
- Providing gifts, entertainment, hospitality, or donations to improperly obtain business or favourable treatment.
- This applies whether dealing with public officials, private sector entities, or individuals.
5. Gifts, Hospitality & Donations
The following are permitted:
- Reasonable and proportionate gifts or hospitality of nominal value (e.g. promotional items, coffee meetings) may be allowed if:
- Not intended to influence decision-making
- Approved by management
- Recorded in the gift register
The following are prohibited:
- Cash or equivalents (e.g. gift cards)
- Lavish meals, trips, or entertainment
- Gifts during procurement/tender periods
- Charitable donations made to influence contracts or regulatory decisions
6. Political & Charitable Contributions
Taggit Asset Technologies does not make political contributions.
Charitable donations must:
- Be approved by the Managing Director.
- Not be linked to obtaining or retaining business.
- Be transparent and documented.
7. Due Diligence
Taggit shall conduct risk-based due diligence before engaging:
- Third-party agents or consultants.
- Government intermediaries.
- Resellers and partners.
- Red flags such as lack of transparency, unusual payment requests, or reluctance to provide references must be escalated to the Managing Director.
8. Books & Records
All transactions must be:
- Accurately recorded in the company’s financial systems.
- Transparent and auditable.
- Free from misleading entries or falsified documentation.
9. Reporting and Whistleblowing
Employees must immediately report any:
- Attempted bribery or influence peddling.
- Suspicious or unethical requests.
- Concerns about third-party behaviour.
Reports may be made confidentially to:
- Compliance Officer: Craig Beer
- Email: cr***@*********co.za
- Phone: +27 21 830 5330 / +27 82 903 2765
10. Disciplinary Action
Violations of this policy may result in:
- Disciplinary action, up to and including termination.
- Contract termination for third parties.
- Referral to authorities for criminal investigation.
11. Training and Communication
Taggit Asset Technologies will:
- Provide mandatory annual anti-bribery training to staff
- Include this policy in onboarding for new hires
- Require third-party acknowledgment of compliance with anti-bribery standards.
12. Compliance Officer
The Compliance Officer is responsible for:
- Oversight and enforcement of this policy.
- Liaison with authorities and auditors.
- Reviewing red flags and authorizing reports.
- Ensuring up-to-date regulatory compliance.
- Current Compliance Officer: Craig Beer
- Email: cr***@*********co.za
- Phone: +27 71 151 3493
13. Review of Policy
This policy shall be:
- Reviewed annually, or
- Updated sooner in response to regulatory changes or emerging risks.
