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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Barbara Curson.]

Maybe, just maybe, the senior executives at the 20 or so state-owned entities (SOEs) should have ensured their financial governance was squeaky clean before meeting with President Cyril Ramaphosa last week.

Then they would not have had the spectre of why they had spent billions irregularly.

In the interests of transparency, I thought it prudent to disclose the key findings arising out of the latest external audit reports on the annual financial statements of these SOEs. Some of them have been discussed at the state capture inquiry, but this article is only concerned with the 2018 external audit reports.

Continue reading here.

South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.5% y/y in May 2019 (CPI) & +6.4 y/y in May 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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