Fiscal authority responsible for approving accounting policy changes for state entities. Did not approve RAF IPSAS 42 switch; RAF proceeded anyway without authorization.
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R9.0 billion
Total financial exposure
Fiscal authority responsible for approving accounting policy changes for state entities. Did not approve RAF IPSAS 42 switch; RAF proceeded anyway without authorization.
R7 billion+ (taxpayer bailout on ~R44B institutional debt)
Hidden LiabilityR2 billion