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Nov 28 2018

South African Government Wastes $21.3 Billion

R296 billion translates to $21,312,000,000 American. That’s how much the South African government has wasted in the past 5 years according to the latest report from the Auditor General. Highlights include:

• Just 23% of national government departments obtained clean audits in the year through March, down from 30% the year before.
• Unauthorized expenditure rose 38% to R2.1 billion, while fruitless and wasteful expenditure surged more than 200% to R2.5 billion.
• Government entities incurred R51 billion in irregular expenditure. That excludes R28.4 billion in irregular expenditure by state-owned companies that aren’t audited by the Auditor-General.
• Contracts worth R6.5 billion couldn’t be audited due to missing or incomplete information.

The trajectory is straight downward. Other findings:

• A 121% increase in irregular expenditure between 2014/15 and 2017/18.
• A 68% increase in unauthorised expenditure between 2014/15 and 2017/18.
• A 236% increase in fruitless and wasteful expenditure between 2014/15 and 2017/18.

Under black rule, the rainbow utopia is looting itself to death.

Evidence has accrued since the end of Apartheid that demographics do not permit full democracy in South Africa. If reproductive and immigration trends continue, the same will hold true for the rest of the West (see here, here, here, and here).

On a tip from ABC of the ANC.




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