financial mismanagement

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South Africa

ActionSA Demands Transparency on Ithala Bank Loans

ActionSA is demanding transparency from KwaZulu-Natal's Ithala bank over outstanding loans granted to politically exposed individuals. The party is concerned that taxpayer funds may have been misused to benefit politicians and their associates, including the chairperson of Parliament’s portfolio committee on Cooperative Governance and Traditional Affairs, Zweli Mkhize, and his family. ActionSA’s Alan Beesley says reports indicate that Ithala is commercially and technically insolvent, with 2.2-billion-rand in loans, but only […]

today7 March, 2025

Namibia

Parliament Debates NBC Financials and Workers’ Strike Amid Accountability Calls

The Namibia Broadcasting Corporation’s 2017/2018 financial reports are under scrutiny in Parliament. Lawmakers have expressed concerns about financial mismanagement and inefficiencies at the state broadcaster. The recent strike by NBC workers, centered on fair wages and operational disruptions, remains a key topic. Some MPs are pushing for enhanced financial oversight to avert future issues. The ongoing debate sees government officials offering additional clarifications.

today6 March, 2025

South Africa

OUTA Urges SA Finance Minister to Tackle Corruption in Budget Speech

In S.A, the Organisation Undoing Tax Abuse urges Finance minister Enoch Godongwana to prioritise the fight against corruption and financial mismanagement in next week’s revised budget speech. The organisation criticised the government for failing to tackle wasteful spending and poor financial management, which could improve the national budget by 500-billion-rand annually. OUTA CEO Wayne Duvenage expects meaningful changes in the upcoming budget:  

today6 March, 2025

Namibia

Govt Mulls Probe Into NBC’s Executive Bonuses and Spending

The Ministry of Information and Communication Technology is considering launching an investigation into the Namibian Broadcasting Corporation following concerns over N$5.4 million in executive bonuses and a N$1.9-million vehicle for its director general, Stanley Similo. A parliamentary report, tabled on 15 February, highlights excessive spending and calls for a forensic audit into NBC’s financial affairs.

today4 March, 2025