DTEF launches audit to chase �fugitive� billions
Thursday, September 14, 2017
The audit represents the Department’s last hopes, as its other attempts have been foiled by the absence of information on beneficiaries and the institution’s lack of legal grounds to pursue payment or prosecution of culprits.
DTEF director, Josephina Ntshinogang said as government coffers shrink, the Department was in a race to recover outstanding student loans. However, the process is complicated by numerous challenges.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...