Auditor-general concerned that offenders at SOEs are not being brought to book

Transnet and Eskom responsible for the majority of irregular expenditure 🔒

The auditor-general has raised a red flag at the non-implementation of audit action plans at state-owned enterprises , which continue to rack up billions in irregular, fruitless and wasteful expenditure.

For 2020/2021, the public enterprises portfolio incurred irregular expenditure of R25.9bn, with power utility Eskom and state-owned freight logistics group Transnet being the main contributors — accounting for R11.6bn and R14bn, respectively...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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