Transnet incurs R14.5bn irregular expenditure for 2021

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John Ashworth
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Transnet incurs R14.5bn irregular expenditure for 2021

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Transnet incurs R14.5bn irregular expenditure for 2021
The Auditor-General (AG) handed down a qualified audit report for the third year running, on the basis of irregular expenditure not being fully and accurately recorded, and payments made in contravention of supply chain management requirements. Irregular expenditure incurred in 2021 was R14.1 billion (2020: R8.4 billion). The AG was “unable to determine the full extent of the understatement of irregular expenditure stated at R104 billion” (2020: R131 billion)...
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