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] Why Tom Moyane has filed an urgent application challenging his axing

[LISTEN] Why Tom Moyane has filed an urgent application challenging his axing

Moyane was fired two weeks ago as recommended by the Nugent commission of inquiry.

Thandeka Gqubule prepared to fight EFF to the end

Thandeka Gqubule prepared to fight EFF to the end

SABC Journalist and part of the SABC 8 Thandeka Gqubule says she has not had any communication from the EFF.

[LISTEN] 'If you accuse, you must present some sort of preliminary evidence'

[LISTEN] 'If you accuse, you must present some sort of preliminary evidence'

Laywer Tebogo Malatji gives an update on Wednesday's meeting between Minster Pravin Gordhan and PP Busisiwe Mkhwebane.

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
[LISTEN] Beware of the 'money bomb' scam this festive season!

[LISTEN] Beware of the 'money bomb' scam this festive season!

CEO of SA Banking Risk Information Center, Kalyani Pillay chats about the new festive season scam that's robbing people blind.

I broke my cell & deactivated my account after I saw Gigaba's vid - Coconut Kelz

I broke my cell & deactivated my account after I saw Gigaba's vid - Coconut Kelz

In the Current Affairs segment, satirical comedian Coconut Kelz chats about the real reason behind Malusi Gigaba's resignation.

[LISTEN] To give your kid a phone or not? That is the question

[LISTEN] To give your kid a phone or not? That is the question

In the parenting feature, creative parenting expert, Nikki Bush chats about the right age to give your child a cellphone.

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

[LISTEN] Cervical cancer is the only cancer that is caused by sex - Dr Eve

Dr Eve discusses cervical cancer and how it can be prevented.

[LISTEN] Is Gqom really music? Callers share their views

[LISTEN] Is Gqom really music? Callers share their views

Callers on the open line discuss class appropriation by musicians and music genres.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

South Africa has a brand-new bank! The Money Show’s Bruce Whitfield interviews Adrian Gore, Discovery Group CEO.

[WATCH] Iceland’s Christmas advert banned- for being too political

[WATCH] Iceland’s Christmas advert banned- for being too political

Khabazela shares tweets and Facebook posts that have gone viral.

Telkom 947 cycle challenge road closures update

Telkom 947 cycle challenge road closures update

Joburg motorists are urged to take note of road closures during the 2018 Telkom 947 Cycle Challenge.