THE National Youth Development Agency (NYDA) has managed to reduce its irregular expenditure to R265,000 for the 2015–16 financial year, from as much as R62m three years ago.The agency, which falls under the Presidency and is meant to create opportunities for the youth, has in the past been embroiled in controversy over irregular expenditure, not least after squandering millions of rand on a youth festival in 2010. It has a budget of about R409m and received its first ever clean audit last year.It reduced its irregular expenditure from R62m during the 2012–13 financial year, to R16.7m in the 2013–14 financial year, and to R580,000 the following year.The NYDA tabled its 2015–16 annual report in Parliament on Monday and, while it received an unqualified audit opinion from the auditor-general, issues were raised about its failure to recover loans.Auditor-General Kimi Makwetu noted that as at March 31 2016, of the total gross loans receivable of just over R129m, about R125m had been imp...
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