National Assembly passes Public Audit Amendment Bill

The Public Audit Amendment Bill - a new bill that will give the Auditor-General greater powers to act against those found on the wrong side of the law and are responsible for wasting billions of rands in public funds, has been passed.

The state of financial mismanagement of municipalities has been of concern. Auditor-General Kimi Makwetu revealed last week that irregular expenditure in municipalities amounted to over R28 billion (a 75% increase) and fruitless and wasteful expenditure amounted to R1.5 billion (an increase of 71%).

READ: AG: Irregular, fruitless and wasteful expenditure is unlawful

Makwetu will now be able to take remedial action against those who are responsible for unauthorised, irregular and fruitless and wasteful expenditure.

Parliament's standing committee on the auditor-general, Vincent Smith says the new bill will inculcate a culture of consequence management.

The Public Finance Management Act and the Municipal Finance Management Act already make provision for the roles of accounting officers. What was lacking is a political will to mete out punishment to those who are found to be on the wrong side of those laws.

Vincent Smith - Parliament's standing committee on the auditor-general

Because those laws were not as effective as we thought it became very necessary to give the auditor-general the additional powers that we have given him.

Vincent Smith - Parliament's standing committee on the auditor-general

Click on the link below to listen to the full interview....

Meanwhile the South African Local Government Association (SALGA) chairperson Parks Tau says the Municipal Barometer used to evaluate effectiveness of different government programs and policies, will monitor issues of financial performance to enable all stakeholders to intervene appropriately.

He has welcomed the new legislation.

This is an important aspect of what we need to do. We need to enhance accountability in the system of local government. We welcome the legislation that has been passed.

Parks Tau , Chairperson of the South African Local Government Association (SALGA

Click on the link below to listen to the full conversation...


This article first appeared on 702 : National Assembly passes Public Audit Amendment Bill


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Ad Hoc committee concludes public hearings on the political party funding bill

Ad Hoc committee concludes public hearings on the political party funding bill

The Ad Hoc Committee on the Funding of Political Parties held its public hearings on Wednesday,

Zuma is playing a high-stakes game in legal fees battle says Karyn Maughan

Zuma is playing a high-stakes game in legal fees battle says Karyn Maughan

The state has confirmed it will continue to pay Zuma's legal fees pending a court decision. Karyn Maughan unpacks the matter.

'It is ultimately in the public interest that the appeal has fallen away'

'It is ultimately in the public interest that the appeal has fallen away'

SA's communications minister now has no influence on the appointment of an SABC board. MMA's William Bird reacts.

AG: Irregular, fruitless and wasteful expenditure is unlawful

AG: Irregular, fruitless and wasteful expenditure is unlawful

Auditor General Kimi Makwetu explains the details of the data revealed in the annual audit of billions lost in municipalities.

What ‘fruitless’, ‘wasteful’, ‘irregular’ and ‘unauthorised’ expenditure mean

What ‘fruitless’, ‘wasteful’, ‘irregular’ and ‘unauthorised’ expenditure mean

When the Auditor-General says “fruitless and wasteful expenditure”; what does it actually mean? A dummies' guide...

Municipalities' performance deteriorates says A-G

Municipalities' performance deteriorates says A-G

EWN Reporter Lindsay Dentlinger said the Auditor-General did not mince his words when he released his audit findings.

Popular articles
'Basetsana Kumalo explained to me that this was the worst week of her life'

'Basetsana Kumalo explained to me that this was the worst week of her life'

Social Media Law Expert, Emma Sadleir, says the Randburg court has issued a protection order for the Kumalo's.

A third Metrorail train goes up in flames in less than a month

A third Metrorail train goes up in flames in less than a month

Regional manager, Richard Walker, says there's an indication of arson in all three incidents but the motive is still not clear.

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

Political analyst Prince Mashele talks about the ANC NEC meeting contradicting messages stemming from this.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Malema under fire after 'Indians are racist' comment

Malema under fire after 'Indians are racist' comment

SA Institute of Race Relations media head Micheal Morris says politicians must be cautious of such divisive statements they make.

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

Show host Eusebius McKaiser says EFF's leader Julius Malema's comments on Indians are grossly unacceptable and irresponsible.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.