Irregular Spend At SOE’s Rockets From R31.4B To R86.2B – AG

Irregular expenditure among the State Owned Enterprises (SOE) under the Department of Public Enterprises rocketed from R31.4bn in the 2017/18 financial year to R86.2bn in the 2018/19 financial year, Parliament’s Portfolio Committee on Public Enterprises has heard.

The Department itself got a clean audit from the Auditor General in the 2018/19 financial year, despite the entities under its care getting less than favourable audit outcomes.

Last week, Public Enterprises Minister Pravin Gordhan told Parliament that South African Airways (SAA) and SA Express would again be missing the deadline to submit their annual reports.

Also on Inside Politics: DA Demands Answers Over SAA, SA Express Annual Reports ‘No Show’

Auditor General official Yolisa Ndikandika told the Committee that while the Public Enterprises Department retained a clean audit – for the third consecutive year – the entities under the Department were at varying stages of their journey to “optimal financial health.”

The Committee