The Presidency has again been found to have violated the Public Finance Management Act, Treasury guidelines and preferential procurement regulations. The Presidency’s 2016-17 annual report showed that it incurred irregular expenditure of about R17m because prescribed supply chain prescripts were not being followed. The Presidency got an unqualified audit opinion, but Auditor-General Kimi Makwetu identified various issues of concern, including the Presidency’s failure to meet contractual obligations and to settle payments within 30 days, as required by the act and regulations. This raises questions about its commitment to the state’s local procurement and supplier development programme. The late payment of suppliers is a major issue afflicting small and medium enterprises. In his report, Makwetu said leadership was not effective in ensuring that established policy procedures were updated and communicated to enable and support the understanding and execution of internal control object...
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