Cape Town’s finances in auditor-general’s sights
A report claims there was ‘bias’ relating to a tender bid and that fraud allegations were not always tackled
The auditor-general has raised serious red flags about financial governance in the City of Cape Town. A new report by the auditor-general makes damning findings against the municipality’s leadership. One of the key remarks made in the report is that there was "bias" relating to the bid specifications of a certain tender‚ which "did not allow all potential suppliers to offer their goods or services". It is understood this has to do with a R300m electric bus tender that was awarded to Chinese bus company BYD. The report was based on the unaudited consolidated annual financial statements for the year ending on June 30 2017 and the findings will be discussed during a city council meeting on Wednesday. The financial statements‚ which were handed to the auditor-general’s office in September 2017‚ shows irregular expenditure of more than R47m. A figure of R140‚000‚ recorded as an incident of "non-compliance with Remuneration of Public Office Bearers Act"‚ is believed to be related to upgra...
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