The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
Auditor General Kimi Makwetu has slapped the Nuclear Energy Corporation of South Africa with a disclaimer audit opinion.
Auditor General Kimi Makwetu said auditors and other staff in the AG's offices have had to endure stressful conditions, including bribes and intimidation.
Nelson Mandela Bay politics appears to be becoming increasingly volatile and violent. In the latest incident, officials from the Auditor General were forced to flee the municipal offices.
The arms group's CEO says it cannot rely exclusively on the production and sale of arms to drive profits in the future.
Irregular expenditure among the entities under the Department of Public Enterprises went from R31.4bn in the 2017/18 financial year to R86.2bn in the 2018/19 financial year.
Denel's bad reputation had a "draining impact" on its financial position, as the arms manufacturer recorded a net loss of R1.5bn, said CEO Danie du Toit.
Irregular expenditure at National Economic Development and Labour Council went up from R1.4m in 2018 to R11.5m in 2019. The irregular expenditure reflected from 2018 is the subject of a disciplinary inquiry.
Auditor-General Kimi Makwetu has released the 2017/2018 municipal audit report in Pretoria.
Collins Letsoalo says he will lodge a complaint of fraud against a journalist to enable police to investigate who created a "manufactured" auditor general report that he says tarnished his name as a dedicated civil servant.
The Auditor General will now be able to compel accounting officers to implement remedial action recommended to rectify financial irregularities.
'If the money has not yet been stolen, then the environment is fertile for those that are planning to take it next week,' says Auditor General Kimi Makwetu.
SA Express reported a net loss of R590m in the financial year ended in March 2019 and a net current liability position of R374m.
Fourteen municipalities that deposited R1.6bn in the ill-fated VBS Mutual Bank were unlikely to ever recover their money, the auditor general says.
Auditor General Kimi Makwetu has given Prasa a disclaimer of opinion in its 2018/19 annual report, saying management did not properly account for assets, fare revenue and other financial information.
The Public Investment Corporation is working on boosting staff morale and restoring its image, but interim chair Reuel Khoza says "much more" must be done to rebuild it after two governance interventions and a year of intense public scrutiny.
According to the Public Service Commission's financial statements, it spent R5.3m in 2018-19, of which around 40% went to service providers other than SITA.
The Auditor General has been given more teeth, and should be allowed to use them, Parliament’s Standing Committee on Public Accounts and the Standing Committee on the Auditor General have said.
In the past, auditors failed to correctly identify it, Public Enterprises Minister Pravin Gordhan has said.
Approximately 93% of irregular expenditure in government departments and entities has never been followed up on, according to the Auditor General’s office.
Two chief directors in the office of North West Premier Job Mokgoro have been suspended for allegedly defrauding the province of almost a quarter of a billion rand over a two-year period.
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