has spilled the beans about how the multimillion-rand maritime fund was exposed to fraud, theft and corruption.
“The more I continued with the research, the more I discovered ... ever since the fund came into existence in 1999, the Maritime Safety Authority has been accounting for the fund separately and preparing separate financial statements,” Ntshangase wrote. However, Tilayi denied this week that the fund was not audited by the Auditor-General and said money in the fund could not be accessed without the approval of the minister of transport.
Despite increases in traffic on the South African coastal routes, said Ntshangase in his affidavit, due to piracy and unrests in certain countries, the fund did not grow as expected. Between 2014 and 2018, the Maritime Fund should have grown to R1.5 billion. Ntshangase said that this period covered the detention of the 55 000-ton NM Cherry Blossom ship on May 1 2017. This ship, which contained high-grade phosphate rock worth $39.6 million was detained on the request of the Front Polisaro Front of Western Sahara because it was heading to New Zealand.
Ntshangase said that ship incidents increased proportionately to an increase in traffic volumes, which could have seen a positive growth in the fund as a result of penalties, fines and forfeitures.
S_samaYende Why are we not surprised?
S_samaYende MsMatosh
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