Investor Presentaiton

Consequence Management: Irregular Expenditure No of tenders 27 Total contract value R6 885 799.65 • Findings The highest cause of irregular expenditure was the continuous use of expired contracts. i.e. month to month contract and/or unauthorized extensions. contract Non-tax compliant suppliers were used in 3 instances. • Non-compliance in sourcing 3 quotations. • Goods were procured without purchase orders being created. No losses have been suffered as services are still being provided. Recommended Action Finalization of determination tests and investigations in order to issue outcome letters and institute consequence management. Apply to National Treasury for condonation for the the irregular expenditure incurred. · Consequence Management All determination tests have been concluded and will be presented to the Loss Control Committee. • The matters are still investigated following which consequence management will immediately be instituted. • The Board is awaiting final report on this matter. 72 South African NATIONAL PARKS

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