• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

SANDF's secret R13bn fund

Jul 31 2012 08:57

Johannesburg - The SA National Defence Force has had three years of its spending, about R13bn, exempted from public view, the Star newspaper reported on Tuesday.

Finance Minister Pravin Gordham exempted the three years of spending of the Special Defence Account from the Public Finance Management Accounting Act "apparently to make sure the spending stays secret," the newspaper wrote.

The account is for the purchase of weapons and equipment as well as covert activities.

The National Treasury said the exemption was only an "accounting issue" after new accounting practices were introduced in 2010. The account would have to publish separate reports but the SDA funded activities which "cannot be disclosed."

Treasury spokesperson Jabulani Sikhakhane denied the SDA was a slush fund and said Defence was accountable to Parliament for the use of the funds.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote