Senior executives at the National Home Builders Registration Council have compiled another dossier detailing governance failures that could jeopardise the agency’s management of its R6.5bn investment assets. The document was prepared in May 2018 following another that was leaked earlier in 2018, and has been submitted to the human settlements director-general for intervention. The council was established to ensure the protection of housing consumers by providing warranty cover for structural failures. In the new dossier, chief financial officer Shafeeq Abrahams accuses the agency’s board of interfering with procurement processes, a conflict of interest and a lack of ethical and effective leadership. The executive managers fear that if action is not taken to clean up the board, the poor governance and the transgression of the Public Finance Management Act would result in "looting" of the organisation. Despite raising the issues with Parliament’s standing committee on public accounts ...
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