Whose Money Is It Anyway? Gauteng treasury admits to R259m ‘miscalculation’

Cereal_Killer

Forging
Joined
Feb 24, 2016
Messages
36,168
Several months ago, in the course of continued investigation and analysis of Gauteng’s monthly Covid-19 Expenditure Disclosure Reports, and in particular while looking into the wasteful expenditure on “fumigation services” (What the Fog?) Maverick Citizen spotted what we believed to be a rudimentary mathematical error, but one with multimillion-rand implications.

We noticed that each month the Treasury was treating the cumulative expenditure figure of what it was paying the six wannabe cleaning companies to “fumigate” Gauteng’s public buildings as new expenditure and then adding it to the next month’s totals (see letter below). As a result, what was actually an expenditure of R117-million by the end of January 2021 (itself an amount that ought to bring the SIU running in) was reported as expenditure of R377-million.



These numbers were ratified by the department and fed through to the National Treasury, which claims to be the overseers of public expenditure.

 

Acid0

Expert Member
Joined
Feb 10, 2009
Messages
4,298
Nah never mind that small amount there is sooooo many tax payers left the money will NEVER dry up.
Just waste it and lets go with our lives
 

RonSwanson

Executive Member
Joined
May 21, 2018
Messages
5,183
However, we must ask what are the implications when a journalist with no training in accounting or mathematics can pick up mistakes overlooked by several departments with a small army of accountants; why are these figures not being interrogated by anyone from the Office of the Gauteng Premier which claims that it has forensic investigations under way into all corruption allegations in the province?
Indeed.
 

HavocXphere

Honorary Master
Joined
Oct 19, 2007
Messages
32,867
That matches my experience with gov department finance teams unfortunately. (a rather small sample admittedly)

They just don't know wtf they're doing to put it bluntly. And because that applies to all levels garbage produced at lower levels gets "reviewed" and rubberstamped at next level up.

Naturally anyone vaguely on the ball looks at that thinks jikes and bails asap so it's self-reinforcing too.
 

BBSA

Honorary Master
Joined
Jul 11, 2005
Messages
15,902
This is what you get if you decoloninise accounting and mathematics.
 
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