LETTER: SABC bailout adds to odious debt
What is the constitutional or legal basis for repeated rescues of state-owned enterprises?
06 October 2019 - 18:11
Under what authority in terms of the constitution or the Public Finance Management Act has the Treasury agreed to yet another bailout at public expense of the SABC (“SABC to get R2.1bn portion of bailout”, October 4)?
Section 216 (1) of the constitution stipulates the requirements of generally recognised accounting practice; uniform expenditure classification; and uniform Treasury norms and standards...
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