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...


Recommended

by NEWSROOM AI
Read More
[LISTEN]  Is the budget a stabilization budget or designed to grow our economy?

[LISTEN] Is the budget a stabilization budget or designed to grow our economy?

Karima Brown speaks to National Treasury director-general (DG) Dondo Mogajane.

Pule Mabe to return to work after being cleared of sexual harassment allegations

Pule Mabe to return to work after being cleared of sexual harassment allegations

Last year, Mabe took special leave after his former personal assistant claimed he harassed her on three different occasions.

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

Cooovadia says some hard decisions need to be made to boost confidence in the economy.

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
Caster Semenya calls out IAAF for publicising expert witness list

Caster Semenya calls out IAAF for publicising expert witness list

Olympic champ Caster Semenya is challenging proposed IAAF rules that may force her to lower her testosterone levels.

'Parliament should have proper inquiry into Mkhwebane's fitness to hold office'

'Parliament should have proper inquiry into Mkhwebane's fitness to hold office'

DA's John Steenhuisen says Parliament should investigate the public protector after the findings against her.

I had nothing to do with VBS - Florence Radzilani

I had nothing to do with VBS - Florence Radzilani

Vhembe District former mayor Florence Radzilani says the Provincial Forensic Investigation exonerated her from the VBS scandal.

Pule Mabe was never alone in hotel room with assistant - ANC NEC's Sdumo Dlamini

Pule Mabe was never alone in hotel room with assistant - ANC NEC's Sdumo Dlamini

ANC's Sdumo Dlamini says party spokesperson Pule Mabe free to return to work after he being cleared of sexual harassment charges.

Black gay men can be misogynists, and here's what a few have to say about it

Black gay men can be misogynists, and here's what a few have to say about it

Presenter Eusebius McKaiser hosted a panel discussion with black gay men exploring entrenched patriarchy and the dynamics at play.

Why rooibos tea price remains high despite improved rains

Why rooibos tea price remains high despite improved rains

MD at Rooibos Ltd, Martin Bergh explains the current high price of Rooibos tea.

[WATCH] Owner catches car thief off guard and thwarts vehicle theft in Springs

[WATCH] Owner catches car thief off guard and thwarts vehicle theft in Springs

The vehicle's owner came out of the store just in time to scare away the man attempting to steal his bakkie.

Johannesburg’s drive to create a smart city is rolling out

Johannesburg’s drive to create a smart city is rolling out

Vumatel is deploying 15 000 CCTV security cameras over the next five years to make Joburg's streets safer.