The National Treasury has initiated an forensic investigation into the commission’s allegedly dubious procurement practices
The DA has called for the suspension of high level Competition Commission executives pending the conclusion of a forensic investigation into financial and administrative irregularities at the organisation.
The commission is a key statutory body, mandated to investigate and evaluate restrictive business practices, abuse of dominant positions and mergers. The probe will look into the financial affairs of the watchdog’s top executives to explore whether anyone is receiving kickbacks from external legal or IT service providers.
The DA first called for an investigation into the commission in 2018, following responses to parliamentary questions revealing that Ndzabandzaba Attorneys received R72m in payments from the commission between January 2015 and August 2018, and were channeled 70% of all cartel cases outsourced by the commission.
He requested the suspensions of Bonakele, the head of the cartels division Makgale Mohlala, and the CFO Molatlhegi Kgauwe. Cardo said the commission’s financial health is a source of great concern. The commission’s expenditure more than doubled from R199m in 2013/2014 to R422m in 2017/2018. The commission recorded deficits of R78m in 2016/2017 and R69m in 2017/2018.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DA councillor faces party probe for 'hijacking' sports facility in JoburgThe DA has asked its federal legal commission to investigate the conduct of one of its councillors who allegedly 'hijacked' a sports facility that was meant for public benefit in Johannesburg.
Read more »
DA councillor faces party probe for 'hijacking' sports facility in JoburgThe DA has asked its federal legal commission to investigate the conduct of one of its councillors who allegedly 'hijacked' a sports facility that was meant for public benefit in Johannesburg.
Read more »
Gauteng health budget headed for R5 billion deficit – DAAccording to Ramokgopa, the department was underfunded by R200 million for the cost of living adjustment for staff.
Read more »