These results stem from effective investigations into corruption and maladministration, speedy litigation and recovery of funds, it said yesterday.
In addition to these recoveries, the SIU prevented a further R2.32 billion in potential state losses and secured cash to be recovered from the acknowledgement of debt and admission of liability agreements to the value of R1.6 billion.
“In our pursuit of rectifying irregular administrative decisions, the SIU successfully set aside contracts worth over R2.13 billion through the Special Tribunal and the High Court of SA” the independent statutory body said.
“This legal action ensures that public funds are recovered, not squandered, and redirected to serve public purposes.
This story is from the October 16, 2024 edition of The Citizen.
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This story is from the October 16, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Breaking down the auction world
The South African Institute of Auctioneers (SAIA) has unveiled a groundbreaking new resource aimed at making auctions more accessible and less intimidating for everyone.
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