SIU takes battle to courts to claw back R7bn looted funds
In an attempt to recover more than R7bn of taxpayers’ money spent on invalid government contracts, the Special Investigating Unit (SIU) is fighting legal battles in courts across the country. Auditor-general Kimi Makwetu says that R50bn has been lost in unauthorised, fruitless, wasteful and irregular spending by government departments and municipalities. Recovering some of that money is essential if the government is to meet its service delivery promises. If you are already a subscriber, please click on the following link to go to the full article: SIU using courts to recover looted funds If you would like to subscribe to BusinessLIVE to read the full story, please click here.