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Gaolathe warns against costly project failures

Friday, February 13, 2026 | 210 Views |

Vice President and Minister of Finance Ndaba Gaolathe has warned that costly project failures and weak financial controls must come to an end, as the government intensifies efforts to restore discipline, accountability, and value for money in public spending.

Presenting the 2026/2027 Budget Speech earlier this week, Gaolathe said repeated cost overruns, inflated budgets, and poor project execution had in the past undermined development outcomes and eroded public confidence in government institutions.

He said a comprehensive review of major projects had revealed unacceptable inefficiencies, particularly under the development manager (DM) model, which was introduced in 2023 to improve project delivery and coordination.

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Gaolathe warns against costly project failures

Vice President and Minister of Finance Ndaba Gaolathe has warned that costly project failures and weak financial controls must come to an end, as the government intensifies efforts to restore discipline, accountability, and value for money in public spending.

I don't have a lawyer yet -Seretse

The Makhenes Are Coming to Mzansi Magic

New Era, No Limits: SuperSport Gears Up for the Most Transformative Formula 1 Season in History

Big Brother Mzansi S6 BAZOZWA

In Celebration of International Women’s Month, CANAL+ and MultiChoice celebrate African women

'Cruel maid' denied bail

GrandPalm celebrates 30 years with Gin experience

Woman dies after crashing into UB wall

Let's show compassion to baby Asli