Business Ethics

Ethics

Petra’s commitment to ethical behaviour is clearly set out in the Group’s Code of Ethical Conduct (“the Code”).

Download the Group’s Code of Ethical Conduct

The Code is introduced by CEO, Johan Dippenaar, who comments: “The purpose of the Code is to formally state our commitment to ethical conduct at every level of the organisation and to provide a clear moral framework within which all Petra’s business must be conducted”.

Petra’s business ethics support the Company’s corporate vision, mission and values and encourage and guide our employees on how to conduct themselves professionally.

Likewise, Petra acknowledges the strong link that exists between ethical conduct and corporate governance, being the framework of rules and practices by which the Board of Directors ensures accountability, fairness and transparency in Petra’s relationship with all its stakeholders.

Human rights are important to Petra and the Code acknowledges the Company’s commitment to the fundamental principles set out in the United Nations Universal Declaration of Human Rights and the supporting legislation in the jurisdictions in which Petra operates.

Petra remains firmly committed to actively advance human rights in areas within its control, including gender equality, respect for freedom of thought and association, the prohibition of slavery, child labour and discrimination of customs and cultures. Any violations of these principles can be anonymously reported at all levels within the organisation and from external third parties through the Company’s whistleblowing programme.

Download Petra’s Modern Slavery and Human Trafficking Statement for FY 2016

The Code, and the Group’s Anti-Bribery Policy, is implemented through a training and communication plan. All future Petra employees and third party contractors will be informed as part of the Company’s induction procedure about these two important corporate policies.

Download the Group’s Anti-Bribery Policy

Conflicts of Interest and the Prevention of Anti-Competitive Behaviour

The Code deals with the issue of anti-competitive behaviour and contains provisions to promote fair competition. It sets out the principles by which employees should act to avoid such anti-competitive behaviour.

In addition, the Code sets out the Company’s expectations of Directors, Management and other employees with regards to conflicts of interest and provides guidelines on Petra’s stance on donations, gifts, entertainment and hospitality. Directors are required to disclose all their business interests and confirm that they are not subject to any conflicts of interest, and if a conflict of interest does arise, it must be formally disclosed to the Board and minuted as such.

Corporate documentation

The Group’s commitment to ethical behaviour is set out in the following internal documents:

  • Code of Ethical Conduct
  • Anti-Bribery Policy
  • Whistleblower Policy
  • PAIA Manual (relating to the South African Promotion of Access to Information Act)
  • Human Rights Policy
  • Modern Slavery and Human Trafficking Statement

Action against Corruption and Breaches of the Code

If you are aware of any breaches to the Code or the Anti-Bribery Policy, contact can be made with us at ethics@petradiamonds.com or on our confidential hotline:

SOUTH AFRICA: 0800 22 22 00 (toll free from a South African landline)

INTERNATIONAL: +27 12 305 2711