Cape Town - The cost of financial mismanagement and corruption in the public service has soared from R130 million in 2006/07 to almost R1 billion in 2010/11, the Public Service Commission (PSC) revealed on Wednesday. This has prompted the commission to call for public servants to be banned from doing business with the state through companies they own. It also says lifestyle audits of key staff should be performed to stop financial misconduct in government departments. The commission made this submission on Wednesday as it revealed that the amount involved in financial misconduct cases had soared from R130.6 million in 2006/07 to R932.3m in 2010/11. “We’re moving towards a billion...
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