Messy "lapses in governance", blamed for the misspending of R1.2bn on an aborted plan to introduce an integrated financial management system across government, have the potential to bring the Treasury into disrepute, acting director-general Dondo Mogajane concedes. Mogajane and a team from the Treasury were urgently called before Parliament’s appropriations committee on Friday to answer questions about spending on the project which was abandoned with Cabinet approval in 2013, after about eight years of preparation, in favour of a better alternative. The committee meeting followed a leak to the Gupta-owned television network ANN7 of an internal audit report on the project which was conducted in 2015-16. The audit found that the internal control environment for the project was woefully inadequate. The integrated financial management system project was intended to modernise and integrate all human resource and financial management systems across government to replace fragmented and out...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.