In the public eye

The three biggest losers of poor financial management

Fixing the problem starts with skills development.

The financial management of South Africa’s government departments and local municipal departments while showing slight improvement is still simply not good enough.

The release in November last year of the Auditor General’s PFMA report for the 2013 / 2014 financial year indicated marginal improvements by the public sector, further underlining the urgent need to improve technical competencies and skills within its departments.

As many as 119 (25%) of the 469 auditees attained clean audits in the 2013/14 financial year. This number was 22% in 2012/13 financial year, reflecting a marginal improvement year-on-year. Alarmingly, of the government’s R1.035- trillion budget, only 15% was properly audited, according to the AG report.

As many as 119 (25%) of the 469 auditees attained clean audits in the 2013/14 financial year.

Download: In the public eye: The three biggest losers of poor financial management in the Public Sector
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