AUDITOR-GENERAL’S REPORT
Presidency in breach of Treasury and procurement rules
The annual report is a reflection of Zuma’s tenure, but will still be a blow to President Cyril Ramaphosa
The presidency has again been found to have flouted the Public Finance Management Act, Treasury guidelines and preferential procurement regulations. The auditor-general made similar findings in the past two financial years. The presidency’s 2017/2018 annual report tabled in Parliament last week showed it had incurred irregular expenditure amounting to R33m and fruitless and wasteful expenditure to the tune of R28m. While the annual report is largely seen as a reflection of the scandal-ridden tenure of former president Jacob Zuma, it will come as a blow to President Cyril Ramaphosa, who has been on a drive to clean up government and state-owned entities. Issues of concern The presidency received an unqualified audit opinion, but auditor-general Kimi Makwetu identified various issues of concern, including its failure to meet contractual obligations and to settle payments within 30 days. This raises questions about the presidency’s commitment to the state’s local procurement and suppli...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.