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Currency confusion: Gauteng paid Microsoft U$21m instead of R21m due to error

Currency confusion: Gauteng paid Microsoft U$21m instead of R21m due to error
biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.

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Gauteng paid Microsoft R318 million instead of R21 million because of a simple error

Gauteng paid Microsoft R318 million instead of R21 million because of a simple error
mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.

South Africa , Adriana Randall , Gauteng Department Of Treasury , Gauteng Department , Microsoft Ireland , Gauteng Provincial Treasury , Provincial Treasury , கௌஊட்டெங் துறை , மைக்ரோசாஃப்ட் ஐயர்ல்யாஂட் , கௌஊட்டெங் மாகாண கருவூலம் , மாகாண கருவூலம் ,

Whose Money Is It Anyway? Gauteng treasury admits to R2...

Maverick Citizen spotted what we believed to be a rudimentary mathematical error, but one with multimillion-rand implications.
We noticed that each month the Treasury was treating the cumulative expenditure figure of what it was paying the six wannabe cleaning companies to “fumigate” Gauteng’s public buildings as new expenditure and then adding it to the next month’s totals (see letter below). As a result, what was actually an expenditure of R117-million by the end of January 2021 (itself an amount that ought to bring the SIU running in) was reported as expenditure of R377-million.
These numbers were ratified by the department and fed through to the National Treasury, which claims to be the overseers of public expenditure. ....

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