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R 195 million irregular expenditure at National Youth Development Agency
Steven Ngubeni coined it at the NYDA

Steven Ngubeni coined it at the NYDA

The National Youth Development Agency (NYDA) 2012/13 annual report tabled in Parliament yesterday reveals an organisation in complete disarray.

Despite this, the agency’s top executives awarded themselves an 18 % salary increase– from R 10.5 million in 2011/12 to R 12.4 million in 2012/13.

The NYDA’s suspended CEO in particular, Steven Ngubeni, received a 20% increase in salary from R 2.032 million in 2011/12 to R 2.435 million in 2012/13.

According to the Auditor-General’s findings:

  • R500 000 worth of tenders and contracts were issued unlawfully;
  • No one has been held accountable for tender irregularities;
  • It is doubtful whether the NYDA will be able to recover R212 million in defaulted loans;
  • R31 million in loans have already been written off; and
  • In the last two years a total of R195 million was recorded as irregular expenditure;

Stephen Bibb Art

The DA will write to the Chairperson of the Standing Committee of Public Accounts, (SCOPA) Themba Godi, requesting that a thorough investigation of the NYDA’s finances be conducted.

SCOPA must consider the financial statements of all executive organs of state and may initiate investigations.

Year after year, the NYDA has repeatedly showed its flagrant disregard for public funding.

As Parliament’s watchdog over the way in which public money is spent, it is high time the NYDA is investigated.

The NYDA continues to cost South Africans more, and delivers less. This must be brought to an end.

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