{"id":67578,"date":"2014-09-04T08:44:25","date_gmt":"2014-09-04T06:44:25","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=67578"},"modified":"2014-09-04T08:44:25","modified_gmt":"2014-09-04T06:44:25","slug":"sa-post-office-fingered-for-r2-1-billion-irregular-expenditure","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/67578\/sa-post-office-fingered-for-r2-1-billion-irregular-expenditure\/","title":{"rendered":"SA Post Office fingered for R2.1 billion irregular expenditure"},"content":{"rendered":"<p>The SA Post Office blew R2.1 billion in irregular expenditure in the past financial year, The Star reported on Thursday.<\/p>\n<p>The financial losses were as a result of the irregular awarding of tenders, according to a draft audit report for the financial year ending May 31, 2014, by auditing firms Deloitte &amp; Touche and Nkonki.<\/p>\n<p>The audit outcome is contained in Sapo\u2019s 2013\/14 annual report, according to The Star.<\/p>\n<p>The report \u201cappears to show\u201d that Sapo did not follow mandatory tender procedures and that pricing and quotations were not done when procuring goods and services.<\/p>\n<p>It shows, among others, that the Post Office:<\/p>\n<ul>\n<li>spent R184m on external consultants<\/li>\n<li>spent R39.6m on legal costs<\/li>\n<li>spent R114m on travel expenses, including overseas trips<\/li>\n<li>recorded a net loss of more than R361m in the year under review<\/li>\n<li>recorded a net loss of R361.2m after tax<\/li>\n<\/ul>\n<p>The newspaper reported that Sapo was currently operating on an overdraft of R250m, but its sources disputed the figure and put it at R365m.<\/p>\n<p>The unnamed sources allege that employees\u2019 funds were used to redress the overdraft.<\/p>\n<h3 class=\"my-4\">More on SA Post Office<\/h3>\n<p><a title=\"SA Post Office targets online push\" href=\"http:\/\/businesstech.co.za\/news\/general\/55705\/sa-post-office-targets-online-push\/\"><strong>SA Post Office targets online push<\/strong><\/a><\/p>\n<p><a title=\"SA Post Office goes digital\" href=\"http:\/\/businesstech.co.za\/news\/general\/50633\/sa-post-office-goes-digital\/\"><strong>SA Post Office goes digital<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SA Post Office blew R2.1 billion in irregular expenditure in the past financial year, The Star reported on Thursday.<\/p>\n","protected":false},"author":10,"featured_media":55856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[25,3707],"class_list":["post-67578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-active","tag-sa-post-office"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=67578"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67578\/revisions"}],"predecessor-version":[{"id":67580,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/67578\/revisions\/67580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/55856"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=67578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=67578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=67578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}