CORRUPTION
Lifestyle probe of key parastatal officials to dig up past ten years
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.