Over the last five years 149 municipalities have improved while only 39 have regressed.— Kimi Makwetu, Auditor-General
The Money Show's Bruce Whitfield interviewed Kimi Makwetu, South Africa’s Auditor-General.
Makwetu released local government audit results for the financial year 2014-15 on Wednesday.
The Western Cape has the highest proportion (73%) of municipalities with clean audits.
Gauteng (33%) came in second followed by KwaZulu-Natal (30%).
Five years ago only 13 municipalities received clean audits.
This number has since increased to 54.
Scroll down for quotes from the audio below.
Many municipalities are taking our recommendations seriously.— Kimi Makwetu, Auditor-General
To get a clean audit your financial statements must be accurately recorded. The mechanisms by which you buy goods and services must be in the open.— Kimi Makwetu, Auditor-General
There’s a huge difference between the Western Cape and other provinces.— Kimi Makwetu, Auditor-General
The Western Cape looked diligently at each municipality.— Kimi Makwetu, Auditor-General
You need competent and qualified people.— Kimi Makwetu, Auditor-General
November was the seventh consecutive month of slowing price growth. And there is no end in sight, according to FNB.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
Got some money in the bank, earning peanuts in interest? Here’s how to make it work harder for you in the most tax efficient way…
Gordhan doesn’t trust Sars' information “because of a lack of accountability and cooperation from the Sars top management”.
The Money Show’s Bruce Whitfield interviews Wellness Warehouse cofounder Dr Sean Gomes.
Oil and gas could revolutionise the South African economy. 5 important things to know about the MPRD Amendment Bill.