AUDITOR-GENERAL
Key state entities fail to submit their financial statements
The Passenger Rail Agency of SA (Prasa), the South African National Roads Agency Limited (Sanral) and South African Airways (SAA) all failed to submit their 2016-17 financial statements to the auditor-general. So far, the Airports Company SA (R1.16bn), the South African Post Office (R719m) and the SABC (R687m) have recorded the highest levels of irregular expenditure, while the picture remained incomplete on the overall figure because the other entities’ annual financial statements had not been submitted to the auditor-general. Auditor-General Kimi Makwetu was in Parliament on Tuesday to talk about his office’s state entity and government department audit outcomes. Makwetu told a joint meeting of the standing committee on public accounts, the standing committee on the auditor-general and the standing committee on appropriations that Prasa, Sanral and SAA were just some of the entities and departments that had failed to submit their financial statements. Prasa was one of the worst-pe...
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