- The National Treasury failed to follow proper procedures and accumulated about R770 million in irregular spending
- Another R67 million was paid for services and goods never received
- Auditor-General Kimi Makwetu made this reveal after looking at financial records of the Treasury
Auditor-General Kimi Makwetu revealed that the National Treasury failed to stick to its own policies and rules.
The Treasury wasted nearly R770 million in irregular spending. In addition, R67 million were paid for services and goods that was never delivered.
Makwetu investigated the Treasury's financial statements for 2017-2018 and found that there were contracts given to suppliers who did not declare their tax to SARS.
Other contracts were awarded to bidders who did not deserve it compared to bidders that were turned down.
The Treasury did not adhere to the Preferential Procurement Regulations and the Preferential Procurement Policy Framework Act.
Furthermore, Makwetu found that Treasury did not properly approve its expenditure or follow the right tender processes and this led to the irregular spending of R768.9 million.
The Treasury didn't respond to questions from the media, according to a report by MSN.
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