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January 18 1995
Dear Sir
I propose that South
Africa's Finances be administered in a radically different manner to the
present
The cases of misappropriation and mismanagement of 5 A'% finances and
for that matter many other Countries are legion and I believe
that what I
recommend will go a long way to eliminating both fraud and bad
control.
Running South Africa, like any country, is a purely business matter
and as such require. the bent input from the bent the Country
has to
offer.
We have the best so therefor, broadly put;
1 The physical
business of money in removed from Government and in placed under the control of
a select group of accredited t Financial
specialists. This group will control
and ram-manage all matters - The collection of all revenue and the apportionment
in accordance
with the country’s needs.
2 11 The country’s
needs '' a" arrived at from recommendations by the Government which should
obviously still have a Minister
of Finance et al and who, after due consultation
with the Prime Minister and follow Ministers, will prepare a-Budget
3
This Budget In then presented to the Financial Specialists who will asses the
requirements, which must also have been tabled in
an order of priority by the
Government. Allocations made will be strictly in accordance with what the
coffers ( including I M F
ate loans/ other borrowings ) car, support.
The
"Financial Specialists" must have NO involvement with the Government wither
directly or indirectly and this refers to family and
relatives. Their previous
track record and performance must have been exemplary. They are elected to
office for two yearn from
nominations by their peers and members of the general
public and must retire without the option of re-election,
for a further period of two years. Elections will be fully public
and those already in office are prohibited from submitting nominations.
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