Page 46 - State Owned News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As China Evergrande teeters, Beijing steps in

The increase of irregular expenditure by 34% to R167 billion, in national and provincial government departments, is the clearest evidence yet that Ramaphosa’s promise of a new dawn has failed to deal with financial malfeasance in government and across State Owned Enterprises. We now call on the Auditor General (A-G) to use her powers, as contained in the Public Audit Act, to hold offending parties to account by ensuring that there is clear and transparent consequence management. The Act now gives the A-G power to enforce the implementation of recommendations arising from audit ...

The number of public servants earning more than $400,000 annually has almost doubled in the last year.

China is on the cusp of announcing a merger of three existing state firms into a new rare-earth mega-enterprise called China Rare Earth Group, according to Taiwan News.

The Finnish government has approved the establishment of Finnvac Oy, a state-owned vaccine research company.