waste

Overpricing is where government’s real leakage sits, says Treasury’s Kenneth Brown

It is South Africa’s equivalent to the proverbial $640 Pentagon toilet seat — a paper binding machine that the government buys from its suppliers for the rand equivalent of almost $2,000, about 13 times what it should cost. Chief Procurement Officer Kenneth Brown cited the binding machine as an example of the massive waste that […]

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Wasteful spending at metros balloons

  MOST of the country’s big cities have increased their "fruitless and wasteful" spending in the last financial year, despite some of them receiving kudos from international rating agencies. Nelson Mandela Bay metro was the worst offender, according to auditor-general Kimi Makwetu’s 2014-15 local government audit report, released on Wednesday.Managerial capacity at the country’s metros

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