SA Auditor-General: No Progress in Financial Controls
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Africas Auditor-General reveals dismal audit outcomes for national and provincial government departments, with only 151 out of 417 entities earning clean audits. The remaining 266 entities, responsible for 88% of total government spending, face various problems, including no progress in financial controls or service delivery. Many of these troubled entities oversee critical sectors and have faced serious audit issues for the past five years. Irregular expenditure totals $16.5 billion, down slightly from the previous year, but still a cause for concern. State-owned enterprises require $453 billion in government guarantees, highlighting ongoing woes in infrastructure and housing projects. The audits paint a picture of weak accountability, with officials facing calls to treat these issues as core governance failures.
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