Auditor-General (AG) Tsakani Maluleke has expressed concerns over weak financial controls in some state-owned enterprises (SOEs), which have resulted in their audit outcomes regressing.
The office of the Auditor General told Parliament that the Development Bank of Southern Africa was the only state-owned company to achieve a clean audit in the 2020/21 period.
In a stark indication of the state of financial health of South African parastatals, the office of the Auditor-General (AG) told a joint sitting of in Parliament that the Development Bank of Southern Africa (DBSA) was the only state-owned entity (SOE) to achieve a clean audit in the 2020/21 period. This was revealed during a briefing to Parliament's Standing Committee on Public Accounts (Scopa) and the Standing Committee on the Auditor General on Wednesday.
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The deputy minister of communications told Parliament that the department did not foresee disputes or litigation stymieing the spectrum auction to start in March next year.