MDDA says irregular expenditure due to Treasury's new rules

2017-10-02 19:51
Donald Liphoko, former CEO of the MDDA. (Supplied)

Donald Liphoko, former CEO of the MDDA. (Supplied)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town – The Media Development and Diversity Agency (MDDA) says its irregular expenditure in the 2016/17 year is due to changes in Treasury's prescribed procurement processes.

The MDDA incurred irregular expenditure of R6.7m in the 2016/17 financial year according to its annual report, News24 reported on Friday.

"This was mainly attributed to the application of changes in the National Treasury procurement process through introduction of the central supplier database," reads a presentation on the annual report sent to News24 by the agency on Monday.

"Risk management measures have been implemented to ensure a parallel process of supplier verification is implemented to strengthen compliance."

The presentation also points out that the MDDA didn't incur any fruitless and wasteful expenditure during the financial year.

During 2016/17 the MDDA successfully raised R72m from various sources, which is the highest level of revenue raised in one year in the history of the MDDA, the presentation reads.

30 findings against agency

The MDDA paid out more disbursements than it has in its history, which left it with a deficit of R12.9m out of its budget of just more than R72m. It had a surplus of R7m in the preceding year.

"[The] deficit is a result of improved disbursement to projects from prior years and is funded by accumulated surplus," the presentation reads.

The auditor-general had 30 findings against the MDDA's financial statements for 2016/17, which the agency ascribes to "the lack of stability in key managerial and supervisory positions".

The portfolio committee on communications will on Tuesday discuss the annual reports of the department of communications and the entities reporting to it, including the MDDA.

On Friday the committee will also deliberate on whether it should institute a parliamentary inquiry into the MDDA.

Read more on:    mdda

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
ADVERTORIAL
Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.