Aloota con­tinua!

Finweek English Edition - - MAIN STORIES THIS WEEK -


AN IN­VES­TI­GA­TION by Au­di­tor-Gen­eral Ter­ence Nombe­mbe (re­ported in the Sun­day Times) un­cov­ered that more than 2 000 Gov­ern­ment of­fi­cials looted in ex­cess of R500m from the pub­lic purse in eight of SA’s nine prov­inces be­tween 2005 and 2007. The of­fi­cials moon­lighted as busi­ness ex­ec­u­tives and ir­reg­u­larly awarded tenders to com­pa­nies owned by them or their spouses or rel­a­tives. THE SUN­DAY TIMES urged Pres­i­dent Ja­cob Zuma to read the re­port to un­der­stand the ex­tent of cor­rup­tion and fraud in Gov­ern­ment. It said there’s an ur­gent need to find ways to name and shame fraud­sters in pub­lic, in ad­di­tion to prose­cu­tion. The Ci­ti­zen said the re­port is Zuma’s first test to show his ex­pressed com­mit­ment to deal with cor­rup­tion.


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