Kimi Makwetu Archives - Page 2 of 3

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PFMA audit results: overall deterioration again

22 Nov 2018, 13:46

Our new two-part miniseries focuses on the Public Finance Management Act (PFMA) audit outcomes for 2017/2018, tabled yesterday in Parliament by Auditor-General Kimi Makwetu, as well as the Public Audit Act (PAA) amendment bill that was signed into law a few days ago. On Tuesday 20 November, the Government Gazette carried the announcement that President Read more >

CORRUPTION NEWS

PFMA/MFMA offenders beware – AG to finally get binding powers

05 Jun 2018, 13:14

In part one of our mini-series we looked at some of the municipal audit outcomes for 2016-2017 – many of which were dismal. Despite the Office of the Auditor-General (AG) having the powers to scrutinise and audit the books of municipalities and public entities, it currently has no power to impose meaningful sanctions or penalties Read more >

CORRUPTION NEWS

Lack of accountability shows in MFMA audit results

31 May 2018, 11:29

Released in Parliament last week by auditor-general (AG) Kimi Makwetu, the 2016-2017 local government audit results present a bleak picture. The AG attributes the overall deterioration in local municipality audit results and lack of compliance with the Municipal Finance Management Act (MFMA) to advice and warnings that were largely not heeded. Part one of our Read more >

CORRUPTION NEWS

SOE shake-up on the cards – SA waits for action

28 Feb 2018, 12:32

Between the pronouncement made on planned anti-corruption efforts during his maiden state of the nation address (Sona) on 16 February this year, and his Cabinet announcement of this past Monday, President Cyril Ramaphosa seems to be serious about his administration’s planned restoration of state-owned enterprises (SOEs). It remains to be seen, however, if the interventions Read more >

NEWS

Makwetu: improved MFMA audit results for 2014/2015

02 Jun 2016, 13:54

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 >

NEWS

Corporate SA not taking ethics seriously enough

31 May 2016, 11:23

The 2016 South African Business Ethics Survey was released yesterday at the sixth annual ethics conference, hosted in Johannesburg by the Ethics Institute, who also published the report. This is the fourth edition, following on the 2002, 2009 and 2013 surveys, and was conducted between June 2015 and April 2016. The annual conference boasted speakers Read more >

CORRUPTION NEWS

Audit reports improve, but old problems remain

26 Nov 2015, 7:26

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 >

CORRUPTION NEWS

Irregular govt spending has more than doubled

07 Nov 2014, 12:05

At the end of October auditor-general Kimi Makwetu presented the bad news to Parliament that irregular state spending had jumped from R27.4-billion in the 2012/2013 financial year, to an inexcusable R62.7-billion for 2013/2014. Last year’s figure was bad enough, as it was a billion-rand increase from the 2012 figure of R26.2-billion. But the more than Read more >

CORRUPTION NEWS

Good and bad of audit reports

08 Aug 2014, 10:35

By Valencia Talane Depending on which way you look at it, the municipal audit report for the 2012/13 financial year offers either a positive or a miserable outlook for South Africa's local government landscape. The report was published last week by the auditor-general, Kimi Makwetu. As Pravin Gordhan, the minister in charge of local Read more >