Finance Minister Pravin Gordhan has warned that taxpayers are getting wary of the misuse of public funds‚ but also pointed a finger at how the private sector costs its products and services to government.

(Image: GCIS)

Speaking in the National Assembly during the debate on the Appropriations Bills on Tuesday‚ Gordhan said: "We must remember this is taxpayers' money. The taxpayer is becoming impatient that we (government) are not providing value for money."

Gordhan appeared to be referring to the Auditor General's report of last year that stated the public service had reported fruitless and wasteful expenditure of R30bn.

However‚ Gordhan then turned is attention to the private sector describing it as the second side of the coin saying that a higher level of integrity was needed in the way it tendered for government business.

"There is ample evidence that there are two sides to every story‚" Gordhan said.

SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za

Pravin warns taxpayers wary of misuse of funds

SOURCE