Wednesday 16 November 2016 14.52------It's a staggering number: R46.36-billion. That's how much money was irregularly spent by government organisations in the 2015-16 financial year.The auditor general, Kimi Makwetu, reported that these entities simply failed to adhere to supply chain management guidelines.Here's another staggering number: only 30% of government entities audited received clean audits.It is not that difficult to achieve a clean audit. Here is the auditor general's definition: "The financial statements are free from material misstatements (in other words, a financially unqualified audit opinion) and there are no material findings on reporting on performance objectives or non-compliance with legislation."This is the sort of basic accounting practice that the local coffee shop employs to pay its taxes and keep its debtors from the door.That more than two out of three government entities failed to overcome this simple hurdle is a national disgrace. Here's another stagge...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now