Treasury Probes Contracts Worth R8.4 Billion

The National Treasury is investigating 76 business entities with contracts worth R8.4 billion believed to have infringed procurement rules, Finance Minister Pravin Gordhan said.

Delivering the National Budget speech in Parliament on Wednesday, Gordhan said the value of these contracts was estimated at over R10 billion. So far, 216 cases have been finalised, resulting in assessments of more than R480 million being raised. Gordhan said the process for setting up the Chief...