Action must be taken against SOEs that owe SIU money: Breytenbach - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Democratic Alliance MP, Advocate Glynnis Breytenbach, says action must be taken against government departments and state-owned entities which owe the Special Investigating Unit large sums of money. SIU SOEs

Briefing the Portfolio Committee on Justice and Correctional Services on Wednesday, the head of the SIU revealed that over half-a-billion rand in debt is owed, posing a risk to the unit’s financial stability.

Breytenbach says the SIU needs to be paid for the investigations it conducted on government’s behalf. “The office of the SIU is a semi-government department and so they just ignore them because there really are no consequences for no paying them. In the past the SIU has written off these amounts and now the amount is so staggeringly high that it can’t be ignored. Action must be taken as it is a huge amount and of course it is going to impact on the abilities of the SIU to do very good work on their investigations.

“We are really working hard, we engaged the National Treasury. We’ve engaged our minister and he’s aware of the debt levels. While SIU is in a sound financial position, we are what the auditors will call a going concern. There are no risks related to SIU but if we don’t recover this debt it has got the potential that down the line it will pose a risk to SIU operations,” says Mothibi.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines