CAPE TOWN. The South African Broadcasting Corporation (SABC) will finalise an investigation into its multi-billion Rand irregular expenditure by the end of March.
That is the assurance by SABC acting chief executive officer James Aguma to Parliament's Standing Committee on Public Accounts (Scopa) here Wednesday.
He said plans are afoot to get the house in order. While the bulk of the irregular spending dates back to 2008, the latest figures show that it is now at just over 5.0 billion Rand (about 384.5 million US dollars).
The SABC has appointed independent auditors get documents to verify this irregular expenditure.
"We take these matters extremely seriously. The issue of irregular and fruitless expenditure, the mechanisms that existed at the SABC were definitely weak for identifying, reporting irregular, fruitless and wasteful expenditure," said Aguma, who is the chief financial officer of the public broadcaster.
The SABC is looking to have part of the irregular expenditure condoned or to recover monies from suppliers or staff. "We want to make sure the numbers are good for disclosure and then, depending on the causes that led to those numbers, then action is going to be taken thereafter," said Aguma.
The Committee has, however, expressed concerns about the lack of consequences for this conduct.
"You are going to finish these investigations end of March. I want us to change approach. Those that are completed they must be reported on. We cannot wait for anything because we need to have a sense of progress being made," said Committee Chairperson Themba Godi.
Source: NAM NEWS NETWORK