Tuesday, May 7, 2013

South Africa Losing against Corruption

South Africa is fighting a losing battle against corruption which sucked up nearly 1 billion rand ($111 million) in taxpayers’ money last year, according to a new report that contradicts government statements that efforts to stamp out financial misconduct are going well.
“Corruption is rampant,” the author of the report, financial forensics expert Peter Allwright, said Friday. “It’s out of control and the dedicated units that have been created to fight financial misconduct are in essence fighting a losing battle.”
South Africa has scandals about misuse of government money and power — in one of the latest, taxpayers forked out around 250 million rand (nearly $28 million) on upgrades to President Jacob Zuma’s private residence in his home village, including three new houses, a sewerage treatment plant and an underground bunker.

"Africa." Washington Post. N.p., 03 May 2013. Web. 07 May 2013.
 
 

 http://ponderingpanda.com/wp-content/uploads/2012/04/Corruption-in-SA-Full-Report.jpghttp://ponderingpanda.com/wp-content/uploads/2012/04/Corruption-in-SA-Full-Report.jpg

No comments:

Post a Comment