For R46 billion you can get 184 Nkandlas – that’s two for every Cabinet member! You can get 460 000 university bursaries of R100 000!— Bruce Whitfield, The Money Show
You end up buying a pen for R20 when it should cost R1. That is [an example of] irregular expenditure.— Kimi Makwetu, Auditor General
You have R1000 to spend and you end up having to pay penalties on top of that, because your administrative environment doesn’t respond to deadlines. Or, you have a contract to build a huge project, but because of inefficiencies and lack of planning you end up paying interest and penalties. Those are the types of things that constitute fruitless and wasteful expenditure.— Kimi Makwetu, Auditor General
National and provincial government departments racked up more than R46 billion in irregular expenditure during the past financial year, according to Auditor General Kimi Makwetu's latest report.
This is an increase of 80% on the previous year’s R26 billion.
The worst offenders were the Passenger Rail Agency of South Africa, the KwaZulu-Natal and Mpumalanga health departments, as well as the Department of Water and Sanitation and Gauteng’s Road and Transport and Human Settlements departments.
These six auditees were responsible for half of the R46 billion in irregular spending.
The Money Show’s Bruce Whitfield interviewed Auditor General Kimi Makwetu.
Listen to the audio below in which the Auditor General discusses his report and exactly what is meant by "irregular expenditure" (and/or scroll down for more quotes from it).
If you don’t’ have consequences for wrongdoing; it conspires to create an environment open to abuse and looting.— Kimi Makwetu, Auditor General
When you look at some of the transactions; it looks deliberate.— Kimi Makwetu, Auditor General
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
What impact will his departure have on South Africa and the ANC? Can we fix the damage — and how do we do that?
The Money Show’s Bruce Whitfield learns more about the views of the outspoken Chair of AngloGold Ashanti.
The Money Show's Bruce Whitfield interviews Lumkile Mondi, Senior Lecturer at the Wits School of Economics and Business Science.
Tax expert Professor Mathew Lester says the current tax base cannot come to our rescue. He proposes the following solution…
"It means, without adding a cent, Government can increase its output by 30% to 40%," says Chief Procurement Officer Kenneth Brown.
"Zuma must go. When you are the president who literally laughs off any suggestions that government be held to a higher standard…"
The British gov issued a travel advisory‚ warning of possible attacks when traveling to SA, after a UK couple was kidnapped.
Passengers often endure all sorts of irritations from drivers. Callers share their biggest gripes about folks behind the wheel.
Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018
E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.
Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.
Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.