R50bn irregular govt expenditure a sign governance is regressing - Themba Godi

Auditor-General Kimi Makwetu revealed that government departments and state entities were responsible for at least R50 billion in irregular expenditure.

He added that the irregular spending racked up by government and SOEs could still rise due to some unfinalised audits.

Read on EWN: Irregular expenditure: the Top 10 offenders

Makwetu briefed Parliament’s Standing Committees on Public Accounts and appropriations on Wednesday on the audit results for the past financial year.

Also read: Bill proposes 2-year limit for auditors at companies they audit

The committee's chairperson, Themba Godi, says the results show that there is a disregard for legislation and due process.

Godi says it's disappointing to see that governance appears to be moving backwards in a number of areas.

He believes that the Auditor-General should be empowered with the legal authority to both report and commision investigations.

I personally felt a pinch of disappointment to realise that, on almost all fronts, we are not making progress.

Themba Godi, Committee chair for Parliament's standing committee on public accounts

It's one thing to say that we are not out of the woods yet, and it's another to realise that we are actually moving backwards on a number of areas.

Themba Godi, Committee chair for Parliament's standing committee on public accounts

It's almost like governance broadly is not strengthening, we're moving backwards. That's the worrying factor.

Themba Godi, Committee chair for Parliament's standing committee on public accounts

Listen to the entire discussion on The Xolani Gwala Show:


This article first appeared on CapeTalk : R50bn irregular govt expenditure a sign governance is regressing - Themba Godi


Recommended

by NEWSROOM AI
Read More
'Sars executives were not told why modernisation was stopped by Moyane'

'Sars executives were not told why modernisation was stopped by Moyane'

Eyewitness News senior reporter Barry Bateman gives an update from the Nugent Commission of Inquiry.

#KZNBombings' suspects due in court

#KZNBombings' suspects due in court

19 men believed to be behind the spate of bombings in the greater Durban will appear in court today.

'All those responsible for Sunday Times "tainted scoops" should be accountable'

'All those responsible for Sunday Times "tainted scoops" should be accountable'

Sanef's Katy Katopodis says the Sunday Times saga has done great damage to our society, democracy and to journalism.

Countdown to the Lead SA Changemakers conference

Countdown to the Lead SA Changemakers conference

CEO of Community Chest Lorenzo Davids speaks of his expectations for the Lead SA Changemakers conference.

Facebook deletes hundreds of pages and accounts for spreading fake news

Facebook deletes hundreds of pages and accounts for spreading fake news

Publisher at Stuff magazine Toby Shapshak says there is more bad news for Facebook than deleting these accounts.

Bill proposes 2-year limit for auditors at companies they audit

Bill proposes 2-year limit for auditors at companies they audit

The Money Show’s Bruce Whitfield interviews Stephen Kennedy-Good, Director and Corporate Lawyer at Norton Rose Fulbright.

Popular articles
ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

On the #WeekendBreakfast with Africa Melane, Zolani Mahola of Freshlyground tells us all about her first solo project.

Stormy weather expected over parts of South Africa

Stormy weather expected over parts of South Africa

The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.

R10 million siphoned from VBS to Floyd Shivambu's personal account

R10 million siphoned from VBS to Floyd Shivambu's personal account

Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.