CAPE TOWN – The National Treasury would consider action against officials and former staff implicated in a forensic investigation into the failed Integrated Financial Management System once a team completed its work on the issue by the end of April 2019, Treasury said on Friday.
The committee further questioned the pace at which remedial action was being taken against officials.Its aim was to eventually be part of a system to replace numerous disparate or outdated data systems in the public sector. "The 485-page report was drafted by the forensic investigators as recommendations was carefully studied by the department through a reference group of senior officials set up by the director general to assist him in analysing the report and its recommendations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PSA demands immediate action to be taken against Gungubele | IOL Business ReportPSA has called for steps to be taken against Deputy Minister of Finance, Mondli Gungubele, following revelations at the PIC Commission of Inquiry.
Source: IOL - 🏆 46. / 51 Read more »
Facebook plans to create crypto-coins for WhatsApp - reports | IOL Business ReportReports state that the coin would allow users to transfer money on WhatsApp and that it would be a type of digital currency pegged to the US dollar.
Source: IOL - 🏆 46. / 51 Read more »
Cassava Fintech launches cross border money service from SA to Africa | IOL Business ReportCassava Fintech South Africa has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa
Source: IOL - 🏆 46. / 51 Read more »
Goodbye Taxify, Bolt is here to speed up growth | IOL Business ReportBolt previously known as Taxify said the name will reflect their mission of building ways to move in cities, be it by car, scooter or motorbike.
Source: IOL - 🏆 46. / 51 Read more »
LOOK: This Cape Town property raises price ceiling to R22.5m | IOL Business ReportThe price ceiling for a Cape Town City Bowl apartment has just lifted to a record price of R22.5 million for a luxury penthouse in Higgovale.
Source: IOL - 🏆 46. / 51 Read more »
Absa restructuring puts hundreds of jobs at risk | IOL Business ReportFinance labour union Sasbo was notified to begin consulting staff on the potential impact of the move, union representative Philip Landman said. busrep Interesting that all the banks are shedding staff - Nedbank had net reduction in headcount, as did Standard and now Absa. Shows what technology in particular can do.
Source: IOL - 🏆 46. / 51 Read more »
SARB nationalisation alarms market, sinks rand | IOL Business ReportThe domestic currency immediately weakened, giving up earlier gains as a consequence and was trading at R14.34 to the US dollar at around 3:30pm. But it is nationalised. This whole thing is so stupid smh. CR is behaving worse than the flip-flop party. The same as ZUMA the same shit ,the same corruption THE SAME GANGSTER
Source: IOL - 🏆 46. / 51 Read more »
Success of Zimbabwe's currency reform needs sound fiscal measures – IMF | IOL Business ReportZimbabwe is struggling to prop up its economy, weighed down by years of decline blamed on poor economic policies and political instability.
Source: IOL - 🏆 46. / 51 Read more »