Parliament, Tuesday, 28 March 2023 – The Standing Committee on Finance will from tomorrow, 29 March 2023, conduct a two-day oversight visit to the National Treasury and entities within the finance portfolio in Pretoria, Gauteng.
The purpose of the oversight visit is to hold the National Treasury and its entities accountable for their audit findings for the 2021/22 financial year, as well as their actions plans. The oversight visit comes after the committee was briefed by the Auditor-General (AG) on the National Treasury’s and entities’ audit outcomes in the year under review.
The AG’s briefing was then followed by a briefing from National Treasury and the South African Revenue Services (SARS) on their respective annual reports for the same year under review.
Tomorrow, the committee will conduct an inspection in loco on the National Treasury’s Integrated Financial Management System (IFMS) at the State Information Technology Agency in Centurion.
The committee Chairperson Mr Joe Maswanganyi said: “The inspection in loco on IFMS is important because the National Treasury received a qualified audit opinion with findings resulting from incomplete disclosure of fruitless and wasteful expenditure relating to this system’s technical support and maintenance of licences expenditure.”
On Thursday, the committee will be at the National Treasury’s office to interact with entities, including the Co-operative Banks Development Agency, the FAIS Ombud, the Financial and Fiscal Commission, the Financial Intelligence Centre, the Office of the Pension Fund Adjudicator, the Government Technical Advisory Centre, the Government Pension Administration Agency, the Public Investment Corporation and SARS.
Members of the media are invited to cover the oversight visit.
ISSUED BY THE PARLIAMENTARY COMMUNICATION SERVICES.
For media inquiries or interviews with the Chairperson, please contact the committee’s Media Officer:
Name: Mr Justice Molafo
Tel: 021 403 8444
Cell: 081 424 7481
Email: jmolafo@parliament.gov.za
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