SCOPA to hold hearings on PRASA’s financial statements and annual report

The Standing Committee on Public Accounts (SCOPA) will tomorrow hold hearings on the Annual Report and financial statements of the Passenger Rail Agency of South Africa (PRASA).

PRASA has incurred irregular expenditure amounting to R17 234 000 for the financial year ending 31 March 2013. The irregular expenditure was mainly attributable to four deviations from competitive bidding to the value of R13 531 713 were approved on the basis of it being an emergency.

PRASA has also incurred R3 402 775 on fruitless and wasteful expenditure due to disciplinary proceedings for suspended employees not being undertaken in a timely manner as well as interest on late payments to suppliers.

There is also a forensic investigation that is being conducted into the alleged business interest in suppliers levelled against a PRASA official, who is alleged to have referred all PRASA fleet vehicles for repairs to a service provider where the official has a business interest. The Public Protector is also conducting an investigation into alleged PRASA irregularities.

Details:
Date: Wednesday, 30 October 2013
Time: 9h00
Venue: V454, Fourth Floor, Old Assembly Building

For media enquiries or interviews with the Chairperson, please contact:
Faith Kwaza (Ms), Parliamentary Communication Services
Cell: 072 122 0371
Tel: 021 403 8062
E-mail: fkwaza@parliament.gov.za

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