Posts

R14bn loss to MIs, but some positive strides being made

The Department of Defence and the South African Post Office (Sapo) are two of the public entities expected to face investigations for their failure to investigate material irregularities (MIs) flighted by the Auditor-General (AG) during audit processes in previous financial years. Sapo was found by the AG to have failed to implement an integrated grants Read more >

AGSA seeing improvement in municipalities’ response to MIs

Auditor-General Tsakani Maluleke appeared virtually before the parliamentary Standing Committee on the Auditor General on 9 February 2024, to brief members on progress regarding the material irregularities (MIs) it had identified during municipal audits. Maluleke said that the presentation aimed to brief the committee on the impact that AGSA has been making in the implementation Read more >

Billions lost to material irregularities, but Agsa is making progress

The South African government has always had a hard time accepting and implementing the recommendations of the Auditor-General of South Africa (Agsa), and the accompanying lack of consequences has meant that government departments and municipalities still grapple with the basics – 30 years after democracy. But legislative amendments in the form of the Public Audit Amendment Read more >

MFMA: improvements, but municipalities still have work

The auditor-general’s (AG) latest report on the financial performance of municipalities, released last week, shows a marginal improvement for 2015/16, but overall the local government had failed to maintain the promising five-year momentum – gained in the years 2010/11 to 2014/15 – that he reported on last year. At a briefing on 21 June, AG Read more >