The matter was referred to the Internal Audit Division for further investigation in December 2021, for determination of losses suffered, employees responsible for the irregularity, root causes of the irregularity, and internal control deficiencies that require correction.
In addition, an internal audit of the third-party funds received from the UIF and subsequently transferred to Regenesys, has concluded and recommended that further investigation be undertaken on the utilisation of the funds. The NDA has since obtained approval from National Treasury to participate in the NT 012-2020, Panel of Professional Forensic Investigation Firms, and a request for a forensic investigation on this transaction will be issued to the panel before the end of the current financial year.