In The News South Africa

Transnet apologises unreservedly for no-show at Parliament’s Scopa

JOHANNESBURG, December 6  – The board of South Africa’s state-owned freight and logistics company, Transnet, on Wednesday apologised for failing to appear before the Parliament’s standing committee on public accounts (Scopa), saying that it was committed to having proper engagements with lawmakers. Board chairwoman Linda Mabaso and her team were expected to respond to Members of Parliament (MPs) […]

In The News South Africa

Transnet board, executives to be summonsed after no-show in Parliament

PARLIAMENT, December 6 – The board and executives of South Africa’s state-owned freight and logistics company, Transnet, will be summonsed to appear before Parliament’s standing committee on public accounts (Scopa) after a no-show on Wednesday. Board  chairwoman Linda Mabaso and her team were expected to respond to MPs on questionable contracts worth billions of rand, […]

In The News South Africa

Parliament’s watchdogs on finance and public accounts want answers on KPMG debacle

PARLIAMENT, September 18 – Parliament’s standing committee on public accounts on Monday said it would summon auditing firm KPMG to explain to MPs why it should continue doing business with the state given questions around its credibility. “KPMG’s unexplained withdrawal of a South African Revenue Service [Sars] report and its work in the integrated financial […]

In The News South Africa

Special Investigating Unit begins probe into SABC

JOHANNESBURG, September 4 – The Special Investigating Unit (SIU) on Monday begins it probe into alleged shenanigans involving dodgy procurement deals at the South African Broadcasting Corporation (SABC). Last month President Jacob Zuma signed the proclamation authorising the SIU to investigate the “questionable contracts” at the SABC. The SIU will investigate the procurement of, or contracting for goods, […]

Business In The News South Africa

Spending on new finance management system frozen – DG Mogajane

PARLIAMENT, August 29 – Director General of Finance Dondo Mogajane on Tuesday, said he halted all payments in relation to the Internal Finance Management System earlier this month in response to dozens of adverse internal audit findings on the process. Mogajane also told Parliament’s watchdog Standing Committee on Public Accounts (Scopa) that he had ordered […]

In The News South Africa

Scopa expresses concern at correctional services department’s inability to manage funds

JOHANNESBURG, June 15– The Standing Committee on Public Accounts (Scopa) on Wednesday expressed concern at the department of correctional services’ inability to manage its finances. In a statement, Scopa chairperson Themba Godi said the committee was concerned taking into account that the department “appears to be bankrupt”. “The department used its entire budget for the […]

In The News South Africa

SARS says they are investigating Zuma’s benefits related to Nkandla upgrades

SOLLY MAKGANOTO After Advocate Neo Tsholanku of the South African Revenue Services (SARS) announced at the SCOPA meeting yesterday that SARS is investigating the liability by President Jacob Zuma to pay tax on the benefits related to his Nkandla private residence The Democratic Alliance has issued a statement where they welcomed the move and further said that they will write to SARS […]