{"id":50137,"date":"2026-02-17T04:56:46","date_gmt":"2026-02-17T04:56:46","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=50137"},"modified":"2026-02-17T04:56:46","modified_gmt":"2026-02-17T04:56:46","slug":"buck-stops-with-board-that-is-answerable-for-malfeasance","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2026\/02\/17\/buck-stops-with-board-that-is-answerable-for-malfeasance\/","title":{"rendered":"Buck stops with board that is answerable for malfeasance"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<p><h2>Multiple procurement breakdowns at Acsa highlight why boards remain ultimately accountable for irregular expenditure under the PFMA.<\/h2>\n<\/p>\n<div>\n<p>The Public Finance Management Act (PFMA) sets the rules for how state-owned entities handle public money. <\/p>\n<p>It requires procurement systems that are fair, transparent, competitive and cost-effective, and it places a legal duty on leadership to prevent irregular, fruitless and wasteful expenditure. <\/p>\n<p>On Airports Company of South Africa\u2019s own version of events, several safeguards failed. An emergency was declared while there was still time for a normal process. <\/p>\n<h2 class=\"wp-block-heading\" id=\"h-multiple-procurement-breakdowns-at-acsa\">Multiple procurement breakdowns at Acsa<\/h2>\n<p>An RFQ (request for quote) was issued without an RFQ number. A supplier was invoiced before a contract or purchase order existed. A 50% deposit was then paid on that basis and then the goods were delivered well after the time when they were needed. <\/p>\n<p>The full amount was later classified as irregular expenditure and confirmed by the auditor-general Tsakani Maluleke. <\/p>\n<p>These are outcomes the PFMA instructs entities to avoid. <\/p>\n<p><strong>ALSO READ:<\/strong> <strong>Unpaid guards at national key points spark security alarm<\/strong><\/p>\n<p>Under the PFMA, the accounting authority of a state-owned company is its board, which carries fiduciary responsibility for financial management, internal controls and procurement systems. <\/p>\n<p>Delegations do not remove accountability. Also not in the case of the CEO, who serves as an executive head and board member. <\/p>\n<p>While not automatically liable for every procurement decision, a CEO is part of the leadership structure responsible for ensuring that proper systems, oversight and consequence management exist. <\/p>\n<h3 class=\"wp-block-heading\" id=\"h-pfma-accountability-rests-with-boards-executive-leadership\">PFMA accountability rests with boards, executive leadership<\/h3>\n<p>If those systems fail, the PFMA expects both executive leadership and the board to be answerable for how and why. <\/p>\n<p>At such a juncture, further accountability to the minster of transport and National Treasury must be pursued.<\/p>\n<\/p><\/div>\n<div>\n<h3>Support Local Journalism<\/h3>\n<p>Add The Citizen as a Preferred Source on Google and follow us on Google News to see more of our trusted reporting in Google News and Top Stories.<\/p>\n<\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#Buck #stops #board #answerable #malfeasance<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multiple procurement breakdowns at Acsa highlight why boards remain ultimately accountable for irregular expenditure under the PFMA. The Public Finance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50138,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-50137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=50137"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50137\/revisions"}],"predecessor-version":[{"id":50139,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50137\/revisions\/50139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/50138"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=50137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=50137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=50137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}