BANKSETA ANNUAL REPORT 2023

PFMA COMPLIANCE REPORT

k) Details of current and previous year disciplinary or criminal steps taken as a result of irregular expenditure

Disciplinary steps taken The BANKSETA undertook various training and capacity building sessions to employees who were involved in transactions which were deemed irregular during the year.

2. FRUITLESS AND WASTEFUL EXPENDITURE

Fruitless and wasteful expenditure is recorded in the annual report when it is either -

a) confirmed; b) under assessment, determination and/or investigation; c) recovered or transferred to receivables for recovery; or d) written off if it is not recoverable; or e) details of current and previous year disciplinary or criminal steps taken as a result of fruitless and wasteful expenditure.

a) Reconciliation of Fruitless and Wasteful Expenditure

Description

2022/23

2021/22

R’000

R’000

Opening balance

-

- - - - -

Add: Fruitless and wasteful expenditure confirmed Less: Fruitless and wasteful expenditure written off Less: Fruitless and wasteful expenditure recoverable

25

- -

Closing balance

25

b) Reconciling Notes

Description

2022/23

2021/22

R’000

R’000

Fruitless and wasteful expenditure that was under assessment in 2022/23 Fruitless and wasteful expenditure that relates to 2022/23 and identified in 2021/22 Fruitless and wasteful expenditure for the current year

-

-

-

- - -

25 25

Total

c) Details of current and previous year fruitless and wasteful expenditure (under assessment, determination, and investigation)

Description

2022/23

2021/22

R’000

R’000

Fruitless and wasteful expenditure under assessment Fruitless and wasteful expenditure under determination Fruitless and wasteful expenditure under investigation

- -

- - - -

25 25

Total

112

PART E: PFMA COMPLIANCE REPORT | BANKSETA ANNUAL REPORT 2022/23