MIYELANI HOLENI - CHIEF REVENUE ADVISOR, NTIYISO CONSULTING GROUP

Loading player...
Only 18 municipalities managed to obtain clean audits for the previous financial year, according to auditor-general Kimi Makwetu. While the majority of the municipalities that obtained clean audits were in the DA-run Western Cape, the province did regress from the 70% clean audit figure it obtained in 2016/2017, to 40% in 2017/2018. Makwetu said on Wednesday at the release of the municipal audit results that the outcomes of 63 municipalities of those audited for the 2017/2018 financial year had regressed, while only 22 improved. Only 18 municipalities managed to produce good-quality financial statements and performance reports, as well as comply with key legislation, thereby receiving a clean audit. This is a regression from the 33 municipalities that received clean audits in the previous year, Makwetu said. He said credible financial statements and performance reports were crucial to enable accountability and transparency in the government, but that most municipalities continued to fail in such areas.
26 Jun 2019 12PM English South Africa Business News · Investing

Other recent episodes

Novo's New Strategy For South Africa

Novo Nordisk is now simply "Novo", but the rebrand goes far beyond a new name. Sara Norcross, VP and General Manager for South Africa, joins us to discuss obesity, hypertension, healthcare access and why addressing chronic disease has become as much an economic imperative as a healthcare one
30 Sep 12PM 16 min

Shadrack Sibiya Denies Grooming 16-Year-Old

Kaya News Reporter Keneiloe Huma joins Phemelo to unpack the latest developments in suspended, Deputy National Police Commissioner Lieutenant General Shadrack Sibiya’s bail application, including the allegations of rape, sexual grooming and human trafficking, which he denies.
29 Sep 3PM 9 min

From Spain to South Africa: Vukile's Next Growth Phase

Retail-focused property group Vukile Property Fund reported strong trading across its South African and European portfolios, supported by healthy sales growth, high occupancy levels and resilient leasing activity. CEO Laurence Rapp joins us to talk about expanding in Europe, integrating newly acquired Spanish and Italian assets, navigating currency headwinds and…
29 Sep 11AM 14 min

Beyond Tap-and-Go: The Future of Payments in South Africa

South Africa's payments landscape is undergoing significant reform, with regulators and industry players seeking to expand access, increase competition and lower transaction costs. Lincoln Mali, in his capacity as President of the Association of South African Payment Providers, talks about digital payments, merchant adoption, financial inclusion and what a more…
29 Sep 1PM 14 min

Beyond the Unemployment Rate - Reading the Economy Through Jobs

South Africa's latest Quarterly Employment Statistics showed the formal sector shed 14,000 jobs in the second quarter, even as wages continued to rise. Nkosinathi Mahlangu from the Momentum Group Foundation unpacks what the latest employment data reveals about economic activity, shifting industry trends, entrepreneurship opportunities and the outlook for young…
29 Sep 1PM 16 min