National Treasury’s Chief Procurement Officer Kenneth Brown says as much as 40% of Government’s R600 billion goods and services budget is consumed by inflated prices by suppliers – and by fraud.
Brown sites an example of a paper binder that government buys for R25 000 – 13 times what it costs in the shop.
"It means, without adding a cent, the government can increase its output by 30%-40%," said Brown.
"We could be building more roads, more schools without even adding more money to the current budget."
The Money Show’s Bruce Whitfield interviewed Brown.
Scroll down for quotes from the audio below.
We’re spending about R1.8 billion on Microsoft. We’re busy with some serious renegotiations.— Kenneth Brown
We’re renegotiating a number of leases. Government spends about R5.6 billion a year on leases.— Kenneth Brown
We’re looking at the fee structure of construction professionals.— Kenneth Brown
South Africa’s procurement system is way too paper based!— Kenneth Brown
The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).
Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.
The Money Show’s Bruce Whitfield interviews Cannon Asset Managers Portfolio Manager Samantha Steyn.
The Presidency says it values open dialogue, but that it must take place “within the bounds of human decency and decorum".
"Zuma must go. When you are the president who literally laughs off any suggestions that government be held to a higher standard…"
Treasury wants legislation to help it keep tabs on individuals in positions of power in the public and private sectors.
We thought we'd let you in on some facts about sought after, award-winning journo Jacques Pauw, author of The President's Keepers.
Shower Savvy is a Jerry can look-alike that one can stand on while taking a shower which stores up to 10 litres of grey water.
A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.
Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.
Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.
Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?