Failing ANC’s R100 billion fruitless and wasteful expenditure could fund job-seekers
The total balance of irregular, fruitless and wasteful expenditure by ANC national departments and state entities has increased to R100.9 billion.
This is a staggering sum of money. To put it in perspective, the R100.9 billion that was wasted would be enough to provide a jobseeker grant of R875 a month to every single unemployed person. Or a once-off cash grant of R10 500 for each unemployed person in the country. That is not to say the money could or should be used for these purposes. But it does put in perspective the scale of the loss, to consider how this sum could have improved the lives of all 10 million unemployed people.
The R4.1 billion that was lost to fruitless and wasteful expenditure in 2017/8 is enough to fund the salaries of over 22 000 police officers or 21 000 nurses.
It should be a national scandal that wanton waste on this scale has been allowed to take place by this failed ANC government.
Earlier this month, the DA analysed the annual reports of national departments and selected entities that had been tabled in Parliament. This revealed irregular expenditure of R72.6 billion and fruitless and wasteful expenditure of another R3 billion. However, serial mismanagement offenders Prasa, SAA, SA Express and Denel had not tabled their reports at the time. The DA cautioned that the total was likely to increase substantially.