Posts

AG to Parliament: local govt is ‘going backward’

South Africa’s municipalities are regressing in terms of their financial reporting; fruitless and wasteful expenditure stands at R7.41-billion – up from R4.89-billion in 2021/22 – while unauthorised expenditure is at R24.12-billion. And only 34 of the 257 that were audited for the 2022/23 financial year achieved clean audits. Delivering the 2022/2023 municipal audit outcomes in Read more >

NW treasury launches action plans for municipalities in financial distress

In a bid to improve the running of municipalities in the province, the North West provincial treasury is rolling out financial recovery plans for 14 particularly troubled entities.  Finance MEC Motlalepula Rosho announced the move in June 2021, while tabling the 2021/22 provincial budget. The targeted municipalities all have serious financial management and capacity challenges.   Read more >

Audit reports improve, but old problems remain

Presenting his audit report on provincial and national departments last year, auditor-general (AG) Kimi Makwetu said that wasteful expenditure and the flouting of procurement processes in government will continue because there are simply no consequences for errant officials who abuse systems without shame. This year, he said much the same thing. Presenting his audit report Read more >