Johannesburg – The African News Network7, in what it called a “Big Expose: Treasury’s fall from grace,” has blamed former finance minister and his administration for the alleged failure of a project called the Integrated Financial Management System.
The channel claimed that an internal treasury audit into government’s Integrated Financial Management System allegedly revealed how treasury committed 54 financial misconducts in just 70 months.
It further claimed that no one had been held accountable for these alleged transactions and trail of mismanagements.
“Millions of taxpayer’s money was lost due to the irregularities including wasteful expenditure and duplicate payments.”
The television station explained that the IFMS was allegedly cleared in 2005 for supplying human resource financial payroll and business intelligence management.
The project was allegedly meant to integrate all centre and provincial government department’s financial management processes.