The department of cooperative governance and traditional affairs’ (Cogta) annual report for the financial year ended 31 March, shows a slight improvement compared with 2019, but investigations into financial irregularities are ongoing.
The department has good intentions, as Cogta Minister Dr Nkosazana Dlamini-Zuma states in her foreword, “to secure the well-being of South Africans through a revitalised cooperative governance model”.
But has it implemented the requisite systems and oversight mechanisms to manage the R90.3 billion of appropriation
funds (2019: R85.1 billion)?
Cogta deputy minister Parks Tau recognises the challenges:
The Auditor-General issued a qualified audit report for the following reasons:
1. There was not sufficient appropriate audit evidence to support the:
2. The systems to maintain records of prepayments were overstated by R159.4 million (2019: R170.7 million). Money down the drain include:
This article first appeared on Moneyweb and was republished with permission.
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