Auditor General names SA government’s ‘consistent delinquents’

Loading player...
The Auditor General of South Africa has released a report naming and shaming 15 government departments who consistently incurred fruitless and wasteful expenditure over five years amounting to R1.5bn. AG CFO Bongi Ngoma also briefed Parliament's Standing Committee on Appropriations about the financial health of government departments, agencies, and state-owned entities. It's a shocking state of affairs. BizNews correspondent Michael Appel takes a look. Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Sep 2022 11AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Why the IRR's John Endres is more bullish on SA than Britain

John Endres, CEO of the Institute for Race Relations, tells BizNews that the elite consensus defending BEE is cracking, even as its beneficiaries defend it loudest. He points to the Starlink saga - blocked partly over empowerment shareholding while a pricier, slower rival wins state favour - as proof the…
13 Jul 8AM 24 min

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min