Auditor-General flags R98m Tech Mahindra banking service contract | Citypress

  • 📰 City_Press
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A state entity in KwaZulu-Natal allegedly paid millions of rands to Tech Mahindra despite that the contract was found to be riddled with irregularities by the office of the Auditor-General.

The contract was awarded by Ithala SOC Limited, which offers banking services to KwaZulu-Natal communities, to Tech Mahindra South Africa for provision of integrated banking system services in 2018.

City Press understands that payments made by Ithala to Tech Mahindra followed after the company had threatened to take legal action. He said he learnt from a project manager at Ithala that Tech Mahindra received information about the system requirements from SAP before the tender was advertised. Ithala said the implementation or replacement of a core banking system was a highly complex initiative that required integration with numerous third party interfaces such as the national payments system.

The report said it was noted that Tech Mahindra submitted a bid and was appointed as the winning bidder. “Furthermore, we noted that Mbokodo travelled together with his former Ithala colleagues Luvuyo Keyise, Shane Moodley as well as Slindile Mqana while gathering information in order to write his report.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Possible Gupta front company I guest

The story of my life

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines