South Africa's Audit Outcomes: Minimal Progress, Major Losses
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Africas Auditor-General, Tsakani Maluleke, has expressed disappointment in the governments audit outcomes for the 2024-2025 financial year. Despite a slight increase in departments earning unqualified audit opinions, from 142 to 151, the majority still struggle with compliance and credible reporting. Fruitless and wasteful spending has decreased but remains a significant issue, with high-impact departments accounting for 84% of the losses. Additionally, 161 material irregularities resulted in an estimated 9.1 billion rand in losses. The Auditor-General emphasizes the need for improved governance and accountability across government levels, as failures in key areas like health, energy, and infrastructure impact poverty reduction programs and put more pressure on taxpayers. Provincially, the Western Cape and Gauteng led with clean audits, while state-owned enterprises like Eskom and Transnet faced findings or worse.
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