Johannesburg - Two wooden poles which cost the North West Madibeng Municipality R3.05m have gone missing, it was reported on Sunday.
The poles were listed on the municipality's asset register, but Auditor General Terence Nombembe and his team could not find them when they audited the municipality last year, reported City Press.
The poles - the kind used to link power lines to each other - were supposedly erected in Oukasie, a township in Brits.
The asset register reportedly recorded the cost of an 11-metre pole as R1.2m, and that of a nine-metre pole as R1.85m.
However, a leading electricity industry source told the newspaper the average price of an 11-metre wooden pole was R1 000, and that of a nine metre wooden pole was R550.
According to the AG's interim management report, the poles were just two items on the asset register which could not be located by auditors.
The total value of items missing or unaccounted for by the municipality was R1bn.
Other items were "land for park" at R1.1m, a visitor's chair costing R828, and an office and toilet worth nearly R1m.
The municipality told the newspaper it did not have a full copy of the report, then said the figures did not relate to just two poles, but to all the poles purchased for an electrification project.