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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 >

Local govt non-compliance at highest level since 2012, says AG

By Kwazi Dlamini R25.2-billion – that’s the amount of irregular expenditure recorded by South African municipalities for the 2017/2018 financial year according to Auditor General (AG) Kimi Makwetu.  Makwetu on Wednesday released the audit findings reports of 257 municipalities.  Irregular expenditure decreased from the R29.7-billion of the previous year, but non-compliance with key governance laws Read more >

PFMA audit results: overall deterioration again

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 >