N Motaung

Our fight against corruption remains unwavering and we therefore welcome the positive news from the Special Investigating Unit (SIU) relating to the recovery of approximately R8 billion during the last financial year through “effective investigations, speedy litigation and recovery processes.” The amount is inclusive of a record recovery of funds in actual cash amounting to R2.28 billion – the highest recovery in the corruption-busting unit’s 27-year history. These results stem from effective investigations into corruption and maladministration, speedy litigation, and recovery of funds.

In addition to these recoveries, the SIU prevented a further R2.32 billion in potential state losses and secured cash to be recovered from the acknowledgment of debt and admission of liability agreements to the value of R1.6 billion. The bulk of the recoveries come from investigations into Transnet, Eskom, and the National Student Financial Aid Scheme (NSFAS). Recoveries from Transnet investigations amounted to R710 million, Eskom was R500 million and the Nsfas investigation totaled R191 million. Successes in the medico-legal investigation also account for some R1.98 billion of prevented losses.

The ANC welcomes the recovery of these monies and supports the commitment of the SIU to remain steadfast in protecting the public purse.