Transnet reports R49bn in irregular expenditure | IOL Business Report

JOHANNESBURG - Irregular expenditure continues plague Transnet as the State-owned freight and rail company received a qualified external audit opinion for the year ending 31 March due to its failure to adhere to prescribed procurement regulations.

Transnet on Monday reported R49 billion in irregular expenditure due to irregular locomotive contracts. Audit firm SizweNtalubaGobodo is Transnet’s external auditors. Last year, Transnet reported R8 billion in irregular expenditure in the year to March 2018 and a qualified audit opinion due to lack of implementation of controls.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Check out the top 10 popular suburbs to rent homes in Johannesburg | IOL Business ReportPrivate Property took a look at which suburbs are the most popular to rent in Gauteng, and they worked to a strict budget.
Источник: IOL - 🏆 46. / 51 Прочитайте больше »

Fashion retailer Forever 21 files for bankruptcy | IOL Business ReportFashion retailer Forever 21 Inc has filed for Chapter 11 bankruptcy as it joins a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce. busrep
Источник: IOL - 🏆 46. / 51 Прочитайте больше »

Let’s not cut breakfast in tough times | IOL Business ReportOPINION: Let’s all come together and feed a child today in order to break the cycle of poverty, safeguard their future, and maybe even save the country’s economy, writes Eugene Solomon. busrep
Источник: IOL - 🏆 46. / 51 Прочитайте больше »