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Monday, June 28, 2010

Auditor General Says 13 billion Rand wasted - let alone stolen and inefficiently spent!

Its a sad state of affairs revealed by Auditor-General Terence Nombembe.

News - Politics_ R13bn wasted in SA.jpg
(click the image to open website)


The breakdown of the R13bn wasted by some of the country's municipalities is:
  • Material losses of more than R5bn, among 65 municipalities.
  • Unauthorised expenditure in 82 municipalities that, combined, exceeded R2.4bn.
  • Fruitless and wasteful expenditure of R117.4 million by 92 municipalities.
  • Irregular expenditure of R2.3bn.
  • The underspending of budgets, with R1.5bn unspent.
  • Unspent government grants that added up R1.6bn.


Material losses seems to mean the municipalities involved couldn't, on average, account for R 75 million worth of "things". Sounds like not being able to keep simple records.

 

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