‘Lapses in governance’ put Treasury at risk

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‘Lapses in governance’ put Treasury at risk

Linda Ensor | 2017-06-05 12:07:38.0

Former director-general at the Treasury, Lungisa Fuzile.

Image by: ROBERT TSHABALALA

Messy “lapses in governance”‚ blamed for the misspending of R1.2-billion on an aborted plan to introduce an integrated financial management system across the government‚ have the potential to bring the Treasury into disrepute‚ acting director-general Dondo Mogajane concedes.

Mogajane and a team from the Treasury were urgently called before Parliament’s appropriations committee on Friday to answer questions about spending on the project‚ which was abandoned with cabinet approval in 2013 after about eight years of preparation‚ in favour of a better alternative.

The committee meeting followed a leak to the Gupta-owned television network ANN7 of an internal audit report on the project‚ which was conducted in 2015-16. The audit found that the internal control environment for the project was woefully inadequate.

The integrated financial management system project was intended to modernise and integrate all human resource and financial management systems across the government to replace fragmented and outdated systems.

Full story at BusinessLIVE.

– TMG/BusinessLIVE



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