The public works department has lost almost R35 billion to wrongful and wasteful construction or leasing of state buildings in the last five years, The Star reported on Monday.<\/p>\n
The R34.98bn losses were uncovered during the department’s review of around 1.3 million transactions of the Property Management Trading Entity (PMTE) dating back to 2009.<\/p>\n
The losses were revealed in a confidential report that The Star reported it had seen.<\/p>\n
The losses were … “a result of supply-chain management processes not adhered to”.<\/p>\n
It revealed however, that there was a steady decrease in the losses of public funds in the last five years.<\/p>\n
Around R22bn was lost in the 2009\/10 financial year, R4.9bn was lost in 2010\/11 while R3.8bn was lost in the 2011\/12 period.<\/p>\n
The figure was R3.1bn in 2012\/13 and R600 million in the last year.<\/p>\n
Around R1.1 billion was lost to fraudulent activities.<\/p>\n
Public Works Minister Thulas Nxesi was expected to reveal the details at a media briefing on Monday while the report would be released to the public once it was presented to Parliament on Tuesday.<\/p>\n
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