Auditor-general slaps Prasa with disclaimer after R26bn in irregular expenditure
Utility did not maintain complete governance records, including minutes of key meetings
08 October 2019 - 19:58
Auditor-general Kimi Makwetu has detailed the extent of the rot at the Passenger Rail Agency of SA (Prasa), finding that the troubled state-owned company has incurred R26bn in irregular expenditure.
The situation is so dire that minutes of board meetings were not adequately recorded, in contravention of the Companies Act...
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