Billions lost in disorganised municipalities | Business | M&G

Auditor General Kimi Makwetu has called on leadership at municipalities, from municipal managers, mayors and councils, and even people in the provincial legislature to take an active role in the financial behaviour of municipalities, and start holding errant employees to account.

He said: “The leaders in local government should therefore steer their municipalities to success. They should take responsibility for the deteriorating accountability in municipalities and it is their duty to turn the situation around.” Makwetu said there was a six percentage point increase in the number of municipalities that implemented consequence management on the part of oversight structures in municipalities and provinces, as well as a failure to investigate findings.

He also said that 34% of the audited municipalities disclosed expenditure that exceeded their incomes. As a result, the total deficit recorded amounted to R5.8-billion.

Can you imagine how much that translates to in terms of service delivery

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Just in time: Denel will be able to pay June salaries | Business | M&GAnd you don't see something wrong with that or you want to paint corrupt pravin as a saviour?Who is the lender,what are the conditions for this,how will they be paid,when was this negotiated bcos the news broke on the even of pravin's speech?There was no crisis this was staged If a lender lends, does that constitute ‘rescue’. That’s the thing SOE’s don’t get. Creating more debt is a race to the bottom, the only way forward is to turn SOE’s into profitable businesses. Government does not have skill / ability to manage SOE’s. Should be liquidated, sold. Who is the lender? And what are his terms.
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