South African deputy finance minister says graft, patronage threats to governance


  • World
  • Thursday, 17 Nov 2016

South Africa's Deputy Finance Minister Mcebisi Jonas (R) and Finance Minister Pravin Gordhan arrive for a media briefing in Pretoria in this December 14, 2015 file photo. REUTERS/Siphiwe Sibeko/Files

JOHANNESBURG (Reuters) - South African Deputy Finance Minister Mcebisi Jonas said on Thursday that patronage and corruption were undermining efforts to build a credible government, as Africa's most industrialised country faces the prospect of potential ratings downgrades.

Jonas' remarks said in a speech at a labour congress also came the day after the Auditor-General said irregular expenditure by South African government departments swelled 80 percent to 43.4 billion rand ($3 billion) in the 2015-16 financial year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Teenager charged with terrorism over Sydney bishop stabbing
UK PM Sunak to consult on tougher rules to combat 'sick note culture'
Weekly storage of natural gas in U.S. increases: EIA
U.S. stocks end mixed, S&P 500 down for 5th day
Canada to host UN event for global solution to end plastic pollution
U.S. stocks close mixed
India votes in gigantic election as Modi seeks historic third term
Crude futures settle mixed
Bosch Group to harness climate action for future growth
U.S. dollar ticks up

Others Also Read