Monday, August 03, 2015

Prasa board adopts financial statement and AG’s report

Mbasa Gqokoma
03 August 2015

At its meeting on Thursday, the Prasa board received and adopted the Passenger Rail Services of South Africa’s 2014/15 Financial Statement and the Auditor General’s Report which it will soon submit to the Minister of Transport.

The board has however, noted with concern the report tabled by the Auditor General pertaining to more than R700 million of irregular expenditure.

Prasa’s spokesperson Sipho Sithole said the Auditor General has reported that there has been some irregularities of expenditure as well as fruitless and wasteful expenditure and the board has vowed it will investigate at this stage.


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