DStv Channel 403 Wednesday, 06 November 2024

Auditor-General: Billions lost to fraud and non-compliance

CAPE TOWN - While billions of rand has been lost due to fruitless and wasteful expenditure over the years, Auditor-General Tsakani Maluleke says previous compliance and accountability lacks are slowly improving.

In the 2022/23 Public Finance Management Act report, 266 material irregularities on non-compliance and suspected fraud resulted in a financial loss of about R14-billion -- a fraction of which has been recovered.

Maluleke says threats against her staff have also not stopped.

  • eNCA's Ayesha Ismail reports.

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