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 TaxTim cofounder Marc Sevitz.
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The Money Show's Bruce Whitfield interviews Personal Finance Journalist Maya Fischer-French.
The Presidency says it values open dialogue, but that it must take place “within the bounds of human decency and decorum".
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Treasury wants legislation to help it keep tabs on individuals in positions of power in the public and private sectors.
Deputy Finance Minister says Gordhan will deliver a pro-poor budget on Wednesday 22 February in Parliament.
Central Energy Fund chairman, Luvo Makasi, has denied a City Press report that he calls shots in the Water Affairs Department.
Eusebius McKaiser uses Open Line to send a message to former ANC Treasury who has recently urged Zuma to step down.
Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.
Dietitian lambasts author of book punting one meal a day, but trained vet remains firm that humans historically ate like this.
Democratic Alliance (DA) has announced that it expects Finance Minister Pravin Gordhan to increase personal income tax.
Foreign nationals say police are not protecting them after houses were set alight by angry community members.
Financial journalists Duma Gqubule and Sikhonathi Mantshantsha debate Brian Molefe's eligibility to head National Treasury.
Eusebius McKaiser says if Brian Molefe accepts the offer it would reinforce the idea that he has been a wolf in sheep's clothing.