Treasury pays R67m a year to license a management system that’s not in use

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The project to establish the system has resulted in irregular, wasteful and fruitless expenditure 🔒

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 programme has been responsible for negative audit findings for a number of years and is likely to bedevil the department in the future...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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 /  🏆 12. in ZA

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