Latest News & Developments
The Standing Committee on Public Accounts (Scopa) is set to summon municipal councils and provincial MECs following revelations that 10 municipalities failed to submit crucial financial statements to the Auditor-General, threatening accountability in local government.
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
She said this was due to financial mismanagement under the previous board.
Angie Motshekga reveals the dire state of South Africa's defence department, citing management issues and financial struggles at Denel.
Denel board chairperson Gloria Serobe said the entity had promised to look at non-core assets that could be disposed of as a condition of the bailout but the sale of the non-core assets was not supported by the Department of Defence.
She said this was due to financial mismanagement under the previous board.
This came after the MEC allegedly told members of Scopa to declare their businesses with NWPTB.
This came after the MEC allegedly told members of Scopa to declare their businesses with NWPTB.
AGSA's recent briefing reveals alarming financial mismanagement within the Compensation Fund and UIF, highlighting systemic failures and rampant fraud that have persisted for over a decade
As a result of the problems at Denel, army personnel are having to wait long periods to receive new vehicles or have their existing vehicles repaired.
The KwaZulu-Natal Standing Committee on Public Accounts is considering summoning Johan Kruger to address serious allegations regarding his management of Ithala SOC Limited, as the bank faces operational challenges.
Defence Minister Angie Motshekga discusses the challenges facing Denel, South Africa's state arms manufacturer, and its implications for military operations
Committee members expressed concern to have to dissect financial statements from a year ago without indication of what improvements had been made and implemented in that financial year.
Parliamentary Finance Committee Chair Joe Maswanganyi demands a financial sector summit following major banks' inadequate responses on transformation and discriminatory lending practices. The confrontation highlights ongoing concerns about financial exclusion and racial disparities in South Africa's banking sector.
The Financial Sector Conduct Authority is set to release a critical report highlighting concerns over banking fees transparency and customer ethics in South Africa. The announcement comes amid parliamentary scrutiny of major banks regarding transformation and account closure practices.
While no specific allegations of corruption were received, the SIU is busy with background checks and money flows.
The City of Johannesburg has for a number of years struggled with issues of collection of debt, revenue and dealing with compliance-related matters.
The Special Investigating Unit (SIU) is pursuing the recovery of R33. 4 million paid to Cuba for the Interferon alfa-2b drug, which was never used by the Department of Defence, amid allegations of procurement irregularities.
South Africa’s National Prosecuting Authority grapples with severe resource constraints and political interference, jeopardising its ability to combat high-level corruption effectively
The National Prosecuting Authority (NPA) which in recent weeks has been accused of failing to prosecute state capture matters, was in 2022 accused of allegedly using a “fake it till you make it” approach to prosecute high profile cases.
There has been improvement in audit outcomes throughout the course of the sixth administration.
Bibi Madiba, a former NSFAS employee, seeks intervention from Scopa after being dismissed for reporting alleged corruption within the organisation
NPA head says criminal investigations and prosecutions are very slow for various reasons, including powerful people exploiting every avenue when they were taken to court.