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SA taxpayers lost R521bn bailing out corrupt, mismanaged SOEs

South African taxpayers have forked out an estimated R521-billion over the last 15 years to keep state owned enterprises (SOEs) alive, and have received nothing in return. Despite the bailouts, many companies continue to fail due to financial mismanagement and corruption, and the bailouts may be much higher than the National Treasury estimates. During a Read more >

CORRUPTION NEWS

State capture update: August’s news and events

The Constitutional Court held a special sitting on Wednesday 21 August in honour of Chief Justice Raymond Zondo, who retires at the end of August after serving 27 years on the bench. The event was attended by several dignitaries, including National Assembly speaker Thoko Didiza, Minister of Justice and Constitutional Development Thembi Simelane, and National Read more >

CORRUPTION NEWS

SA’s public service is dysfunctional – the 5 main reasons why

Image: EFE-EPA/Nic Bothma By Marcel NagarFirst published on The Conversation: Africa A public policy works well if it’s a good policy and if it’s carried out well. Politicians make policy and specialist bureaucrats in the public service carry it out. These appointed officials are supposed to follow a strict professional and ethical code of conduct. Read more >

CORRUPTION NEWS

Scopa briefed on progress into SOE, state capture investigations

Image: SIU On 22 November prominent law enforcement agencies met with Parliament’s Standing Committee on Public Accounts (Scopa). The Special Investigating Unit (SIU), the Directorate for Priority Crime Investigation (DPCI or Hawks), and the National Prosecuting Authority (NPA) briefed the committee on the ongoing collaboration on cases involving state-owned enterprises (SOEs) referred to them by Read more >

CORRUPTION NEWS

Public enterprises dept continues its downhill slide

The Auditor-General of South Africa (Agsa) is not impressed with the Department of Public Enterprises (DPE). Presenting the department’s audit outcomes for 2021/2022 to the parliamentary portfolio committee on public enterprises on 11 October, the Agsa delegation pointed out several shortcomings and weaknesses, including stagnation in terms of audit outcomes in general, and non-compliance with Read more >