Posts

CORRUPTION NEWS

Covid-19 audit flags weak controls, as expected

The report covers about R69-billion of the R147-billion spending for the period from April – when the R500-billion fund was announced by President Cyril Ramaphosa – to the end of July. It has flagged, so far, glaring signs of trouble: Exorbitant spending against suppliers when compared to their pre-Covid-19 spendingSuppliers used for the first time Read more >

CORRUPTION NEWS

Auditor-General has eye on Covid-19 relief package

The Auditor-General (AGSA) has briefed Parliament on its role during the Covid-19 disaster, and given insight into possible delays in the Municipal Finance Management Act (MFMA) and Public Finance Management Act (PFMA) audits. Both audit processes are crucial to managing the use of the public purse as they track and identify irregular spending, among others. Read more >

CORRUPTION NEWS

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 >

CORRUPTION NEWS

Makwetu: improved MFMA audit results for 2014/2015

For the first time in the history of the province, a Free State municipality has achieved a clean audit. This is one of the facts that came out of the latest local government audit report, presented by auditor-general Kimi Makwetu on Wednesday. Thabo Mofutsanyana District Municipality shares its status with 53 other municipalities that impressed Read more >

CORRUPTION NEWS

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 >