Auditor-general Kimi Makwetu is spearheading a proactive strategy by his office to monitor the expenditure by the government and its entities of funds from the R500bn stimulus package in a bid to minimise the possibility of fraud and corruption.
An amount of R200bn of the R500bn package announced by President Cyril Ramaphosa relates to the credit guarantee loan scheme through which the government will support financial institutions in granting loans to small and medium businesses in distress and which will not involve direct financial transactions by government entities. Another R70bn relates to tax relief that will be evaluated by the auditor-general during an audit of the SA Revenue Service.
It's been working very well thus far. It's very rare to see corruption or any irregular spending to the tune of Billions of Rands in South Africa. sarcasm
I gave more than I could afford to funds like solidarity. After the speach last night no more. Just piggy bank along with illicit cigarette income.
ferialhaffajee And when you find that billions were stolen we’ll appoint a retired judge to form a commission of inquiry at a cost of another billion. Huge fan fare and then delayed and delayed and delayed... Finally it gets ignored and nobody goes to jail. Sounds about right.
ferialhaffajee He has not arrested one anc thief yet. Done nothing the irregular expenditure is sky high again year after year.
ferialhaffajee Oh my word if he does it like he monitors the ministers and municipalities departments we are in for a very big irregular expenditure. Where is the eighteen billion rand lost in old madam zumas department. Just would like to know. Be worried.
I feel better now, my confidence is renewed the Auditor General is supervising ! Thank goodness !!
All 10 instances there of? Tough gig.
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