Loading

‘Inappropriate procurement’ at PetroSA

March 13 2013 at 05:31pm
By SAPA

Comment on this story

CorporateBusiness

Johannesburg - Certain procurement procedures at PetroSA were inappropriate, an investigative team from the department of energy has found.

The Central Energy Fund (CEF), which owns PetroSA, said on Wednesday the team was tasked with investigating the “robustness” of the procurement systems of companies that reported to the department.

The team “unearthed inappropriate executive override of internal control systems at PetroSA”.

CEF Mandla Tyala said this meant proper processes and procedures were not followed with regard to tenders and contracts at PetroSA that exceeded R5 million, and which were not related to day-to-day operations.

The team's report also made allegations against current and former senior officials.

CEF chairwoman Sankie Mthembi-Mahanyele said the report was being studied by the holding company's board.

“The investigation is continuing. Corrective and decisive action will be taken once the final report has been issued,” she said. - Sapa


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku