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{
    "id": 1109744,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1109744/?format=api",
    "text_counter": 336,
    "type": "speech",
    "speaker_name": "Nominated, ANC",
    "speaker_title": "Hon. Godfrey Osotsi",
    "speaker": {
        "id": 13172,
        "legal_name": "Godfrey Osotsi",
        "slug": "godfrey-osotsi"
    },
    "content": " Hon. Temporary Deputy Chairlady, I concur with Hon. Oundo. If you look at the proposal in the Bill, the National Treasury will give the approval. Previously, there was no approval from the National Treasury. So, that is a very important point, namely that we allow the Board to invest the money, but with the Treasury’s approval. We have had cases where boards have been allowed to sit on money, like the Communications Authority of Kenya under the CIF. Billions of monies are sitting there doing nothing. In fact, it is earning interest for board members."
}