More details of alleged governance and financial breaches at Postbank will come to light after Minister of Communications and Digital Technologies Solly Malatsi referred a KPMG forensic report to the Hawks.
Malatsi said he had received the forensic report on governance and financial breaches at Postbank that compromised the institution and resulted in financial losses to the value of about R89.5 million during the period 20212022.
The report was presented to the parliamentary portfolio committee on communications and digital technologies by a delegation led by Deputy Minister Mondli Gungubele on Tuesday.
The KPMG investigation was instituted following confirmation by the Auditor-general of South Africa (AGSA) in her 2021 report, which detailed fraudulent activities at Postbank.
These include multiple incidents of cash theft, which had been reported to the SAPS.
