Keely Goodall28 March 2024 | 8:58

SIU seeking to blacklist tech giant Oracle over dodgy tenders

The Special Investigating Unit has discovered Oracle’s tender to overhaul government's IT systems was irregular.

SIU seeking to blacklist tech giant Oracle over dodgy tenders

Ray White speaks with Kaizer Kgayago, SIU Spokesperson

Listen to the interview in the audio below.

National Treasury awarded the tech group a contract in 2015 to update the government's Integrated Financial Management System (IFMS).

But 9 years later and R822 million spent, it has not been rolled out.

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The Special Investigating Unit (SIU) is seeking to institute proceedings to have the company blacklisted.

According to Kgayago, they found procurement policies were not followed, and there was evidence of collusion between individuals at National Treasury and the company.

“This matter has been coming as far back as 2005.”
- Kaizer Kgayago, SIU Spokesperson
“We have got proof as the SIU that things were not done in the proper manner.”
- Kaizer Kgayago, SIU Spokesperson

Scroll up to the audio player to listen to the interview.