The term governance encompasses all aspects of the way a country is governed, including its economic policies and regulatory framework. It appears from the international entities that hold the global financial muscle - including the International Monetary Fund (IMF), the World Bank, the United States of America and the European Union (EU) - that the African continent's developmental agenda should be based on accountable governance. The IMF was urged in 1996 by its Board of Governors to promote good governance in all its aspects, including the rule of law, improving the efficiency and accountability of the public sector, and tackling corruption, as essential elements of a framework within which economies can proper. This notion holds African governments both responsible and accountable for how they spend their money. This article argues that good governance in South Africa cannot easily be carried out in an environment where bad g