Scopa to institute inquiry at DBSA

1st June 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

The Standing Committee on Public Accounts (Scopa) on June 1 received a briefing from development finance institution the Development Bank of Southern Africa (DBSA) about the allegations of corruption, fraud and maladministration that were brought to Scopa by political party United Democratic Movement (UDM) president Bantu Holomisa.

In a statement, Scopa said it had noted the remarks made by Finance Minister Tito Mboweni, who is the executive authority responsible for the DBSA.

The committee said it had also noted the responses and explanations provided by the DBSA on this matter.

“The responses and explanations from the DBSA did not assist the committee with the information it required. The committee is satisfied with the fact that it provided both parties [the opportunity] to state their cases,” Scopa said.

Scopa will now start the process of instituting an inquiry into the DBSA, it added.

It noted that the committee would consult with Parliament Legal Services on the process to follow as it begins this process.

During the inquiry, the submission made by Holomisa will be considered, as well as the submission made today by the DBSA. The committee will also work with the office of the Auditor-General and the Special Investigating Unit in this matter, Scopa said.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION