Post Office admits R425m wanton spending

[Mila]

http://www.fin24.com/Economy/Post-Office-admits-R425m-wanton-spending-20110815

Johannesburg - An investigation of the SA Post Office (Sapo) has uncovered fruitless, wasteful and irregular expenditure involving hundreds of millions of rand, the Sapo board said on Monday.


The investigation involved the relocation of Sapo's head office from Pretoria to Eco Point in Centurion, board chairperson Vuyo Mahlati told media in Johannesburg.


It was found that irregular expenditure of R425m and fruitless and wasteful expenditure of R19m had occurred.


Mahlati said a process to recover the R19m had started, as well as efforts to "determine liability of individuals".


The irregular expenditure was, however, not found to be unlawful, but included "company procurement policy breaches".


This involved rental prior to the occupation of the building, as well as breaches of company policy by executive directors and senior managers.


The investigation was in line with the Public Finance Management Act (PFMA), and was launched following complaints from employees at Sapo over the new head office.


"The board has engaged with the minister of communications throughout the last 16 months. Critical meetings were also held with leadership of the Communication Workers Union," Mahlati said.

I have to get into government.

 

[Picard]

http://www.fin24.com/Economy/Post-Office-admits-R425m-wanton-spending-20110815


I have to get into government.

You're coloured I presume.

 

[SinghDude]

There isn't enough gravy for everybody on this train........





/runs off to get a pass for the next

 

[Mila]

You're coloured I presume.

Yes Ginger

:twisted:

 

[Picard]

Yes Ginger

:twisted:

Oh crap, it would have been better had you been green.

 

[grok]

Hey government employees, that's MY and every other taxpayer's R425mil you're wasting so next time you come crying about 'povatee' don't expect me to have any sympathy.

 

[flarkit]

I wouldn't mind so much, if the postal service actually worked smoothly. Then they could misappropriate a few funds and I'd be ok with it

 

[Mila]

Oh crap, it would have been better had you been green.

Pfft!!

I can always lie. Who would know...

 

[Ninja'd]

It's not enough that they steal my items I order online now THIS? F*** the P*** Office

 

[Devill]

Hey government employees, that's MY and every other taxpayer's R425mil you're wasting so next time you come crying about 'povatee' don't expect me to have any sympathy.

I have a ZERO tallerance these days towards "povtee" victims as the majority of the country sees the gouvernment waste they tax billions that was suppose tohelp them YET next election lets vote again for the party that has made fsck up after fsck up.

 

[Wall]

another govt. fail.
EDIT: I HATE SOE's. They should become fully Private, then accountability will fall into place.

 

[Devill]

another govt. fail.
EDIT: I HATE SOE's. They should become fully Private, then accountability will fall into place.

I am also a big fan of the idea that most of these job functions should be privatised.