{"id":255497,"date":"2018-07-01T07:54:58","date_gmt":"2018-07-01T05:54:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=255497"},"modified":"2018-07-01T07:54:58","modified_gmt":"2018-07-01T05:54:58","slug":"more-than-r1-6-billion-looted-from-the-eastern-cape-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/255497\/more-than-r1-6-billion-looted-from-the-eastern-cape-report\/","title":{"rendered":"More than R1.6 billion looted from the Eastern Cape: report"},"content":{"rendered":"<p>Service providers &#8211; including state-owned companies and government departments &#8211; have reportedly looted over R1.6 billion meant for social housing and other services in the Eastern Cape.<\/p>\n<p>According to the City Press, citing three new reports compiled by National Treasury which it has seen &#8211; the money was looted and then spent on new cars, stays at boutique hotels and shopping sprees for luxury goods.<\/p>\n<p>The reports are said to contain details on how much money was given to these service providers and what was subsequently done with it. Some of this includes:<\/p>\n<ul>\n<li>R341 million that was meant for housing for the poor &#8211; no houses were built;<\/li>\n<li>R260 million meant for mobile classrooms for four schools &#8211; counter to Treasury regulations;<\/li>\n<li>R38 million to the same company, without any documentation showing that work was done;<\/li>\n<li>R24 million also for mobile classrooms &#8211; the company was given another R8.6 million and R17 million without showing any work done.<\/li>\n<li>R84 million for road works that had already been done;<\/li>\n<li>R101 million &#8220;excess&#8221; paid for stones for a 23km stretch of road.<\/li>\n<\/ul>\n<p>According to the City Press, of the monies paid to some companies in the report, as much as 74% was paid without a competitive tender process.<\/p>\n<p>The Treasury reports also identified million of rands given to the companies for social housing being illegally transferred to private bank accounts.<\/p>\n<p>The funds were subsequently used for luxury goods purchases, the paper said.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/banking\/253725\/vbs-bank-was-looted-by-some-of-its-own-executives-and-a-king-report\/\" rel=\"bookmark\">VBS Bank was looted by some of its own executives \u2013 and a king: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Service providers &#8211; including state-owned companies and government departments &#8211; have reportedly looted over R1.6 billion meant for social housing and other services in the Eastern Cape.<\/p>\n","protected":false},"author":10,"featured_media":234079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[23],"tags":[26],"class_list":["post-255497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/255497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=255497"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/255497\/revisions"}],"predecessor-version":[{"id":255505,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/255497\/revisions\/255505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/234079"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=255497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=255497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=255497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}