ANALYSIS: The northern tilt of Jones's murky fund

Mon, 10 Aug 2020

“In politics, the spoils go to the victor,” Regional Economic Development Minister Shane Jones told the finance and expenditure committee in 2018 when quizzed about the then-freshly-minted Provincial Growth Fund. Fast-forward two years, and his flagship, pet programme was last week mauled by the Auditor-General, who found the $3 billion fund lacks transparency, is open to potential conflicts, and operates essentially as a 'fund within a fund'.What’s more, Parliament’s spending watchdog can’t see how th...

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