Data provided by McGregor BFA
All data is delayed
Loading...
See More

NYDA in auditor general's dog box

Sep 25 2012 16:56 Sapa

Related Articles

NYDA cash 'used to fund ANCYL'

Agency spent R106m on party

Youth agency gets a clean audit

The NYDA gravy train

Youth agency boasts 15 000 jobs

NYDA staff down tools over bonuses

 
Cape Town - Procurement procedures of the National Youth Development Agency's (NYDA) are in tatters, a report by Auditor General Terence Nombembe indicated on Tuesday.

In the NYDA's annual report tabled in Parliament, Nombembe noted more than R133m in irregular expenditure.

That meant more than two-thirds of the agency's spending did not comply with National Treasury regulations.

Nombembe highlighted various gaps in its financial reporting.

The NYDA management did not submit quarterly budgetary reports, as required by law.

Other flaws relating to the procurement of goods and services were identified.

"Goods and services with a transaction value below R500 000 were procured without obtaining the required price quotations, as required by Treasury Regulation 16A6.1," said Nombembe.

In addition, contracts worth over half a million rand were concluded without inviting competitive bids, as required by Treasury.

The NYDA leadership was blamed for not fulfilling its oversight function and ensuring the entity did its work within the confines of the law.

DA spokesperson Joe McGluwa said in a statement this was proof the NYDA should be disbanded.

McGluwa said he would be writing to Performance, Monitoring and Evaluation Minister Collins Chabane, asking him to scrap the entity.

The opposition party member said the money the NYDA siphoned from the public purse should be used for initiatives that could offer real opportunities to the country's youth.

"The NYDA is, and continues to be, a one-stop job centre for connected comrades, rather than an agent for real and lasting change. It is time it was dissolved once and for all."

* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.  


 
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
29 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zille: DA will provide real, sustainable jobs

The DA says it has a policy package in place which will lead to 6m real, sustainable jobs being created. Watch Helen Zille explain.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...