Latest News & Developments
annual report
Mayor lauds Greater Tygerberg Partnership for breathing new life into Bellville
Businesses, academic institutions, City of Cape Town officials, and partners in the Bellville area came together at the scenic Bloemendal wine estate in Durbanville to listen to and celebrate the work being done by the Greater Tygerberg Partnership (GTP). From left to right. Langanani Muleyo, Ilse Maartens, mayor Geordin Hill-Lewis; Etienne Basson and Sakhile SitholeGTP is a partnership between businesses and the City of Cape Town to spruce up the Bellville CBD through various programmes, thereby . . .
KZN legislature hosts public engagement on Social Development and CoGTA budgets
KZN Legislature invites the public to participate in upcoming sessions discussing the 2025/26 budgets and performance plans for the Department of Social Development and CoGTA.
Why is the DBE continuing to publish matric results in newspapers?
The Department of Basic Education faces criticism for its decision to publish matric results in newspapers, despite the lack of names and the availability of results through other channels.
Mixed views to SARB's decision to cut repo rate midst low inflation
The South African Reserve Bank’s (SARB) decision to cut the repo rate to 7. 75% has sparked mixed reaction among economists, raising questions about its potential impact on the struggling economy.
City’s new audit plan to save millions of rands
Part of the new audit plan will focus on litigation management, specifically on how legal cases and costs are managed.
Spy Bill seeks to address findings by Sandy Africa, Mufamadi reports
Minister in the Presidency responsible for State Security, Khumbudzo Ntshavheni said President Cyril Ramaphosa had committed to implement the findings of the Sandy Africa and Sydney Mufamadi reports into SSA.
Concern at City’s R1. 2bn spend on public tenders in one month
The eThekwini Municipality’s finance committee noted that R1 243 748 480 was the total value of tenders issued during February 2024.
Ngwathe Municipality on the verge of bankruptcy
Unauthorised expenditure incurred by Ngwathe Municipality stood at a whopping R545 million.
Corruption Perceptions Index shows five-year decline for RSA
Countries such as Denmark, Finland, and New Zealand were ranked as the top three countries forging ahead with combating corruption coming in with scores of 90, 87, and 85 out of 100 respectively.
SAA suffered losses of more than R10 billion in two years
SAA suffered losses of R7. 6 billion in 2021, and it incurred another financial loss of R3. 6 billion last year.
Political leaders meet King Misuzulu
Various political leaders have been visiting King Misuzulu to garner political support from him ahead of what is expected to be a hotly contested election in the province next year.
AG warns against 31 departments and entities for failing to submit financial statements
The Auditor-General said the law was very clear that financial statements of departments and entities must be submitted on time.
Financial Advisory and Intermediary Services releases 2022/2023 Annual report
The report provides information on the performance of the Office of the FAIS Ombud during the financial year as well as its financial affairs.
UCT report into Phakeng questioned as MPs call for independent assessor
Members of the parliamentary oversight committee on higher education have called for the department to appoint an independent assessor to look at the UCT report that made damning findings against former vice-chancellor Prof Mamokgethi Phakeng and former council chairperson Babalwa Ngonyama.
Parliament’s Ethics Committee finds Floyd Shivambu failed to disclose VBS payments
The Ethics Committee has recommended to Parliament that EFF deputy leader Floyd Shivambu’s salary be reduced for nine days for failing to disclose payments by VBS.
Auditor-General worried medical claims skyrocketed to R125 billion
The Auditor-General said the claims were impacting on service delivery, with funds diverted from provincial health departments to pay for medical claims.
Parliamentary inquiry to meet over final report on Mkhwebane
Suspended public protector Busisiwe Mkhwebane has described the process as flawed, but the committee said it has to finish the process before October.
Run on Numbers: SASRIA - a reflection of SA’s current unstable societal issues expressed in financial terms
The Reinsurance of Material Damage and Losses Amendment Act of 1990 was repealed in December 1998 and replaced with the Conversion of SASRIA Act 134, which intended to provide for the conversion of the South African Special Risks Insurance Association (SASRIA) into a public company, with a share capital, and for connected matters. SASRIA is a public enterprise listed under Schedule 3B of the Public Finance Management Act of 1999.
Ruan Jooste’s Rants and Cents: The RAF is not an accident waiting to happen, it is already a car wreck
With the state-mandated Road Accident Fund (RAF) facing financial challenges and taking to court those who try to hold it accountable, serves as another strong example of how woefully inept the state is commercially. But this parastatal specifically, is making plenty more enemies of the state.
Parliamentary committee wants to haul over coals departments for failing to act against illegal mining
Political parties in the minerals and energy committee agreed that they cannot act only after a major incident regarding illegal mining.
We are implementing Zondo report, says secretary to Parliament
Secretary to Parliament Xolile George said a lot of work has gone into implementing the Zondo report, and this includes beefing up parliamentary committees.
Run on Numbers: Public Interest Scores – liquidations and business rescue procedures
When a business goes belly-up in South Africa, the only legal process available for it to tie up loose ends is called liquidation, a legal process subject to The Insolvency Act of 1936.
Run on Numbers: The Companies and Intellectual Property Commission’s mission
The CIPC is one of the few state institutions that received a clean audit report from the auditor-general. Interestingly, the CIPC is not a registered company, as per its annual report.
Bonitas posts net surplus and more member reserves
Bonitas Medical Aid celebrated its 42nd year of existence by posting a net surplus and boosting its member reserves by more than R1 billion. Bonitas is South Africa’s second-largest open medical scheme.
Ramaphosa encouraged by Parliament’s presiding officers meeting with Zondo
President Cyril Ramaphosa said he was encouraged that the Speaker, Nosiviwe Mapisa-Nqakula, and National Council of Provinces chairperson Amos Masondo are meeting with Chief Justice Raymond Zondo to iron out their differences.