We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Declarations of financial interest made by key parastatal officials from 2009 will form the basis of their lifestyle audits, Public Enterprises Minister Pravin Gordhan said on Wednesday. Gordhan, who was reappointed as minister in February after his dismissal by former president Jacob Zuma in 2017 for his stance against state capture, has vowed to clean up state-owned entities and restore their viability. The government has been tightening the screws on corruption and has mandated the Special Investigating Unit (SIU) to probe allegations of malfeasance, fraud and corruption in various parastatals including Eskom and Transnet. Lifestyle audits will also form part of the investigations. Eskom was in a severe financial crisis in late 2017 after lenders turned off the taps due to state capture and corruption allegations. The company has a debt burden of R350bn‚ increasing by about R70bn a year. Eskom's under way Gordhan said the lifestyle audits were set to be completed by the end of Ma...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now