Eleven firms are being investigated for selling products such as face masks and hand sanitisers at inflated prices amid the Covid-19 crisis, Minister of Trade and Industry Ebrahim Patel has announced.
Patel was speaking at a briefing media in Pretoria, where a number of ministers from the country’s economic cluster outlined interventions in response to the coronavirus pandemic.
This comes in the wake of President Cyril Ramaphosa on Monday announcing a 21-day a nationwide lockdown – starting in the early hours of Friday morning – in an effort to slow down the spread of the virus. The number of confirmed infections in SA rose to 554 on Tuesday.
Discuss the importance of ethics in business and the possible consequences of non-ethical behaviour as being suggested in the case study when it comes to the Covid-19 crisis.
(Please make assumptions where required) (15 Marks)
Identify and briefly explain six (6) strategies / tactics that these organisations could use to improve the ethical climate of the organisation based on the current Covid-19 crisis. State with reasons, which strategy / tactic might be the best to use in this scenario.
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