Quote of the week

The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.

State Capture Commission Report
Volume 4, Part IV
8 May 2012

Having the auditor-general qualify audits due to poor accounting practice or a lack of attention to detail is always cause for concern but, if the political will exists, such things can at least be rectified by introducing new systems or through improved personnel management. The real problems come when governance is so poor that there is simply nothing to audit — where records are not kept, minutes of meetings and decisions are never made, employees are not qualified to do their jobs, and it is not clear who is responsible for anything. Such an environment of zero accountability is ripe for corruption and this is precisely the outcome that has resulted. It is no exaggeration to say that there are entire towns, and critical state departments, that are now in the hands of organised crime syndicates masquerading as public servants. Their sole aim is to loot, and creating a climate of general administrative chaos is an excellent smokescreen. – am Editorial in Business Day

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