'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.
The lack of permanent leadership at Prasa has led to a regression in the entity's audit outcomes, according to the Auditor General.
State-owned enterprises are increasingly relying on government guarantees to secure loans.
Parliament's Portfolio Committee on Environment, Forestry and Fisheries has slammed the South African Weather Service for receiving a qualified audit opinion for the 2018/2019 year.
Transnet is in the process of recovering billions lost by its directors and companies which benefited from irregularly awarded contracts, Chairperson Popo Molefe said.
Two security contracts that state-owned airline SA Express had with Bosasa, now known as African Global Operations, resulted in over R1m of irregular expenditure.
Scopa and SCOA have called for accountability from those failing in their duties, after just 25% of 434 audited government departments and state-owned enterprises received clean audits compared to 34% last year.
Irregular expenditure by government departments and state entities have accumulated to R72.6bn, according to an analysis by the DA.
Auditor General Kimi Makwetu has said the commission not only incurred millions in irregular expenditure but also exceeded its approved budget.
Parliament’s portfolio committee on public enterprises has expressed deep concern over the rate at which Eskom’s irregular expenditure had ballooned.
The City of Tshwane hired a private firm to investigate the contract but it is not clear whether the full findings will ever be made public.
In the 2018/19 financial year, less than a quarter of audited government departments and public entities achieved clean audits.
The National Consumer Commission received an unqualified audit opinion for the 2018/19 financial year.
Unauthorised, irregular and wasteful expenditure at municipalities has reached R122 billion. This is more than the total market capitalisation of Shoprite and Spar, combined.
The state-owned national energy utility showed a profit after tax of R354m in the 2017/18 financial year, compared to a net loss of R621m in the 2016/17.
National Treasury will seek a condonement in the 2018/19 financial year over the misplacement of a memo which caused the department to incur irregular expenditure amounting to R768.9m, according to Auditor General Kimi Makwetu.
The Department of Mineral Resources’s irregular expenditure has spiked from R424 000 reported in 2016/17 to a whopping R11.6m for the past financial year.
The SABC incurred R570m in irregular expenditure during the 2017/18 financial year, bringing its total close to R5bn.
Government supporters tend to ask where the money will come from to solve urgent problems. But this lands in the wake of R19bn of irregular expenditure at Eskom, writes Terry Bell.
Amendments to the Public Audit Act will among others give the Auditor-General greater power to recover monies lost through financial mismanagement and corruption.
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