WATCH: Finance Minister to account to Parliament's watchdog

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Finance Minister Malusi Gigaba, will be meeting members of the CEO Initiative as part of efforts to bring business, labour and government to work together on key projects.

 

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PARLIAMENT - Finance Minister Malusi Gigaba and National Treasury will have to provide answers to Parliament's watchdog Scopa on Tuesday about the integrated financial management system, which is meant to centralise all government payments. 

The first phase of the project was completed at a cost of R1.2-billion, but in 2013 Cabinet approved amendments to the project due to specific technological changes.

National Treasury’s audit committee found that the payments done through the integrated system lacked internal controls to mitigate risks, and requested that then-director general Lungisa Fuzile order a forensic investigation into the matter.

Auditing giant Deloitte was awarded the tender and started the investigation in October 2016.

The department's director general, tried to explain the mismanagement in implementing the Integrated Financial Management System.

He wanted one of his officials to brief the committee but members of Parliament would have none of it and he was sharply rebuked by ANC MP Nyami Booi.

" With due respect to you, we are talking about the project that started in 2005," said Booi.

"Linda came late in this thing but what i respect about governance is that you take full responsibility from day one.

"When you were given an opportunity to go and reflect on the project it is because as parliamentarians we are aware of this project and we have learnt that it has challenges.

"And the last part, DG, you are the accounting officer. We are relying on you, not on Lindi, (to tell us) what has been happening. You can't go to Parliament and say you don't know, or Linda is going to give us information. We rely on you as an accounting officer."