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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Minimum wage: Over 360 employers want out | Business | M&GLast week President Cyril Ramaphosa revealed in his Sona that a ‘number of companies have applied for exemptions’ from the R20 an hour minimum wage This is another of Ramaphosa's wet dreams, at a time of massive unemployment, to come up with this pipedream is to further create more unemployment and dismissals. Please get rid of this fascist government before we are all fuxked. R20 an hour R180 pd, R 900 per week R 3899.70 Ave month. How much do these employers want to pay employees? Slave wage? So they wanna pay R10 pH?
Source: mailandguardian - 🏆 2. / 92 Read more »
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.
Source: mailandguardian - 🏆 2. / 92 Read more »
State-owned Denel unable to pay full salaries to staff | IOL Business ReportThe embattled state-owned entity Denel is unable to pay full salaries to their staff this month. busrep Management could take one for the team.
Source: IOL - 🏆 46. / 51 Read more »
State capture: How a cash-in-transit business laundered moneyAsset Movement Financial Services transferred millions in cash that may have assisted with money laundering. Jacob Zuma and the Guptas started money laundering so it's nothing new Proof one doesn't need to be clever to make money Black Monopoly Capital strikes again! 😏🤨🙄🤔🤷🏻♂️
Source: eNCA - 🏆 49. / 51 Read more »