Financial Mismanagement
latest news & developmentsNew higher education minister under fire for politically linked Seta appointments
Buti Manamela’s appointment of three administrators has raised concerns from opposition parties and civil society about potential political interference
‘Officials are looting Msunduzi municipality’
Senior staff were allegedly told ahead of the elections ‘to cough up R5 million or resign’
Denel money woes clip air force’s wings
A senior officer says the shortage of spares and and ability to service aircraft and vehicles has a negative effect on the SANDF’s operational ability
Get TVET colleges to work first before investing in new campuses
There has been an effort by the state to expand the TVET college sector. But the reality is that the systems at many of these colleges are simply not working
SA’s biggest municipal union must restore trust after graft report
The report paints a bleak picture of Samwu’s internal systems and ability to handle its 160 000 members’ money
Pansalb rat suspended
Whistleblower suspended pending an investigation for conducting himself "in an improper and unbecoming manner".
Pansalb chief accused of abuse of power
Sent to Parliament: A letter accusing the CEO of PanSalb Rosemary Ntombenhle Nkosi, of financial mismanagement and abuse of power.
US finance regulators grilled over Madoff saga
State and industry regulators were put on the defensive on Tuesday at a Senate hearing over their failure to uncover Bernard Madoff’s fraud scheme.
Execs’ posh retreat after bailout angers lawmakers
Days after it got a federal bailout, American International Group spent 000 on a posh California retreat for its executives.
State gives account on SAA
The Department of Public Enterprises responds to what it calls inaccuracies about the airline’s capitalisation.
Tourniquet needed for Land Bank
Lack of support for emerging black farmers and mismanaged land reform are contributing to the ongoing woes of the Land Bank, say industry insiders.