Financial state of municipalities has worsened — AG | Business | M&G

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The financial state of municipalities across the country continues to worsen said Auditor General Kimi Makwetu on Wednesday.

The financial state of municipalities across the country continues to worsen said Auditor General Kimi Makwetu on Wednesday. He was speaking at a media briefing on the release of the 2017-2018 financial year general report on the audit results of municipalities.

Only 18 municipalities had a clean audit with the highest number, 12, being in the Western Cape. Gauteng, Mpumalanga, Kwazulu-Natal and the Northern Cape each have one municipality with a clean audit. The Eastern Cape had two. Before going into the details of the report, Makwetu emphasised that the outcomes of the report were compiled before the Public Audit Amendment Act was signed into law in November 2018. This audit report was compiled for the financial year ending June 2018.

 

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