Corruption – an irrational seducer who hurts when you can least afford it

South Africa has improved slightly in the 2014 international corruption perception index, but still ranks poorly – and did a little better only because the research was conducted ahead of the Nkandla scandal. That together with news from Brazil last night that a lower level manager at State-owned Petrobras has volunteered to repay $100m in ill-gotten gains provides the foundation for today's Rational Perspective.  – AH