Treasury wastes R1bn on IT system that doesn’t work — after a decade
Parliament hears how Treasury’s integrated financial management system — aimed at cutting costs — has not been implemented 10 years and a billion rand later
The Treasury’s decade-long, botched project to replace key information technology systems in the government came under scrutiny in Parliament on Tuesday, with Finance Minister Malusi Gigaba vowing action if any wrongdoing were found. Both Gigaba and Treasury director-general Dondo Mogajane came in for tough questioning at a sitting of the standing committee on public accounts, admitting there had been a collapse in internal controls. “There was a clear failure of financial controls and we are responding to this. “We will re-establish internal controls and ensure relevant structures and people will account for the work done. It remains an important project,” Gigaba said. Modernise The project, called the Integrated Financial Management System (IFMS), is intended to modernise systems such as the public service pay information. However, it has become something of a political football, with the Gupta-owned channel ANN7 using the botched project to smear former finance minister Pravin Go...
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