SIU: Housing investigation

2011-12-03 12:39

Good progress is being made in a series of new investigations relating to government ­housing contracts.

The SIU has identified fruitless and wasteful expenditure in two major contracts amounting to more than R10?million, and potential losses of R55?million in respect of expenditure incurred versus value created on the ground.

Five cases of misconduct are being pursued against provincial officials and criminal charges are being prepared for violations of the Public Finance Management Act (PFMA).

Three fraud investigations are under way as well as probes into violations of the Companies Act and VAT Act.

The SIU has also identified systemic problems in the funding of government housing construction, including violations of the National Housing Act and the National Housing Code, and contraventions of the PFMA relating to documentation retention and the safeguarding of departmental assets.

Also under investigation in several provinces are the irregular awarding of tenders, contractual non-compliance and inadequate monitoring of contractual terms.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.