BANKSETA ANNUAL REPORT 2023

PFMA COMPLIANCE REPORT

d) Details of current and previous year fruitless and wasteful expenditure recovered

There was no fruitless and wasteful expenditure recovered in current or prior year.

e) Details of current and previous year fruitless and wasteful expenditure not recovered and written off

There was no fruitless and wasteful expenditure not recovered and written off in the current or prior year.

f) Details of current and previous year disciplinary or criminal steps taken as a result of fruitless and wasteful expenditure There were no disciplinary or criminal steps taken as a result of fruitless and wasteful expenditure in the current or prior year. 3. DETAILS OF CURRENT AND PREVIOUS YEAR MATERIAL LOSSES THROUGH CRIMINAL CONDUCT

Description

2022/23

2021/22

R’000

R’000

Theft

-

- - - - -

Other material losses

25

Less: recovered

- -

Less: Not recovered and written off

Total

25

BANKSETA is investigating possible criminal conduct in the amount of R25,000 in the current year relating to fraudulent documents submitted for discretionary grant projects. This was due to the use of identification number details of deceased persons. There were no material losses through criminal conduct in the prior year.

4. SUPPLY CHAIN MANAGEMENT

The Supply Chain Management role in BANKSETA is to manage the functions that pertain to the procurement of goods, works and services including the description of requirements and sources of supply, selection and award of contracts and the phases of contract administration.

a) Procurement by other means:

Legislation calls for procurement to be implemented through competitive bidding. Legislation also makes provision for deviation from competitive bidding in certain circumstances. This process is called procurement by other means.

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BANKSETA ANNUAL REPORT 2022/23