South Africa's National Treasury has opened an investigation into the awarding of multimillion-rand tenders, following allegations that former chief director Molefe Fani influenced the process to benefit associates of police crime intelligence boss Maj-Gen Feroz Khan.
The probe targets specific procurement decisions that are now under scrutiny for potential irregularities.
The allegations suggest a coordinated effort to direct state contracts to entities linked to Khan, raising questions about oversight within the department.
This development follows evidence placed on record by the Madlanga Commission, which previously linked Khan to a R50 million National Treasury tender.
The commission's findings indicated that Khan had a hand in the awarding process, compounding concerns about state capture and corruption in public procurement.
For investors, the investigation underscores persistent governance risks within South Africa's fiscal management.