The Treasury’s bungled project to establish an integrated financial management system continues to sully its report card from the auditor-general and was responsible for R207m in irregular, fruitless and wasteful expenditure in the 2019/2020 financial year.

The mismanagement of the programme would cast a poor light on the Treasury, which is the guardian of the national purse and the watchdog over sound financial management and the prevention of waste by other government departments...

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