Tuesday, September 22, 2009

BREAKING. SABC wasted MILLION$ in wasteful spending, government calls it a 'monumental failure' in management at SABC


The Auditor General has found MILLIONS OF RANDS OF WASTEFUL, IRREGULAR spending which it details in its report to the government today.

Ismael Vadi, the chairperson of parliament's communications portfolio committee called it a ''monumental failure'' of SABC management. He said he was ''shocked at the extent of the rot''.

The report of 72 pages contains the following:
*7 tenders awarded for R174 million, not correctly approved.
*The former group chief executive entered into a material agreement for R326 million with a consultant, although not allowed to.
*Massive problems in the process of buying international TV shows, even though a forensic audit in August 2007 showed massive irregularities and problems.
*Irregularities of R111,7 million relating to double payments, over payments, paying but not receiving goods/services.
*R11,3 million that was paid to a private travel company - in contravention of the SABC's travel policy. (The SABC has its own travel office to do this.)