With South Africa's public finances being under strain, Minister of Finance Enoch Godongwana has emphasised the importance of holding individuals and entities accountable for financial misconduct, as it is vital for public trust.
"Without swift and fitting consequences, we risk eroding public trust in our capacity to manage public funds effectively, with less and less funding available to deliver much-needed services to our people," Godongwana said on Wednesday.
"Our public finances are currently in a difficult position, one that is increasing in complexity and uncertainty. The short-term risks to the local and global economy that we predicted in the February Budget have now materialised.
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