Auditor-General Tsakani Maluleke says this shows proper supply chain processes are not being followed.
"Fruitless and wasteful expenditure is an important indicator of the disciplines in which the public purse is being managed," she said.
Maluleke said mismanagement of lease agreements by Public Works has led to a significant loss of funds."The sector should curb the financial loss and the irregular expenditure that arise from mismanaged lease so that funds can be used to maintain the properties they have and enable infrastructure project to be completed in time," she said.They include financially troubled SAA and Denel.She said the financial health of SOEs have generally deteriorated.
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