Ramaphosa reveals SIU Special Tribunal to speed up recovery of state funds

Ramaphosa reveals SIU Special Tribunal to speed up recovery of state funds

President Ramaphosa announced that he has established a Special Investigating Unit Special Tribunal that will focus on recovering the state funds that were lost because of irregular spending and corruption.

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The government's irregular spending and corruption has cost South Africa a lot of money that was lost, but President Ramaphosa has a plan to recover these funds.

He has established a Special Investigating Unit Special Tribunal and the focus of this unit will be to speed up the recovery of the funds.

News24 reported that the presidency said in a statement that it is important that the finalisation of matters that had been referred for civil litigation be sped up.

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The ANC's spokesperson, Khusela Diko, said that by having the tribunal fast-track matters will help the SIU to recover funds or assets that were lost.

Fast-tracking these matters through the Special Tribunal will enable the SIU to recover monies and or assets lost by state institutions through irregular and corrupt means; thus ensuring that those who are responsible for the loss of monies and or assets by state institutions are held accountable.
The litigation process includes both public and private sectors, persons and entities.

This Special Tribunal will be able to make a formal judgement over proceedings that were brought forward by the investigating unit. It could do so on its own or on behalf of a state institution.

Briefly.co.za gathered that the president of the Tribunal is Judge Gidfonia Mlindelwa Makhanya who will be in charge for 3 years.

Additional members of the Tribunal are Judge Lebogang Modiba, Judge Selewe Peter Mothle, Judge Icantharuby Pillay, Judge Johannes Eksteen, Judge Thina Siwendu, Judge Sirajudien Desai, and Judge David van Zyl.

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Source: Briefly.co.za

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