How is loss of R25bn progress? iLIVE

 The SAIRR was responding to the Auditor General report that found provincial departments and entities had incurred R24.8 billion in "unauthorised, irregular, wasteful, and fruitless expenditure". File photo
Image by: SIPHIWE SIBEKO / REUTERS
Our national auditor has identified almost R25-billion in wasted and irregular expenditure ("SAIRR bemoans wasted R24.8-billion of government money", yesterday).

Previously it was estimated we were losing R30-billion to corrupt officials.

All this incompetence and corruption exacts a heavy blow to our economy, the value of our rand, our global competitiveness and citizens' living standards.

Until the government agrees to a full and independent financial audit - monitored by opposition parties - of its net worth, I don't see how we can trust our president when he tells us he is cracking down on corruption.

H ave we become so docile that we accept the lower figure as a sign of good governance, instead seeing the loss of several billion as blatant theft ?

Posted in: World News