OUTA has launched a landmark court action to amend the Public Finance Management Act (PFMA) so that executives and board members of all state-owned entities can face delinquency bans for misconduct.

Right now, this power exists only under the Companies Act, which applies to SOEs like SAA and the Johannesburg Property Company - but not to PFMA entities such as NSFAS or the SETAs.

That legal blind spot protects the worst offenders and allows them to resurface elsewhere in government.

If successful, this case will extend accountability across every SOE and stop repeat offenders from looting the public purse again.

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