Latest News & Developments
scopa
State IT Agency comes under fire for lacking a proper record keeping system
SITA's troubling absence of a robust IT record-keeping system raises serious questions about accountability and transparency.
State IT Agency comes under fire for lacking a proper record keeping system
SITA's troubling absence of a robust IT record-keeping system raises serious questions about accountability and transparency
Parliament's watchdog demands answers from municipalities over financial audit crisis
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.
Road Accident Fund on the brink of financial implosion
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
Road Accident Fund on the brink of financial implosion as liabilities soar
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
RAF facing severe financial woes as liabilities soar
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
MEC blames non-payment of salaries on the previous administration
She said this was due to financial mismanagement under the previous board.
Minister on why SANDF is in trouble
Angie Motshekga reveals the dire state of South Africa's defence department, citing management issues and financial struggles at Denel.
Denel explains why it has not sold its non-core assets
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.
MEC blames non-payment of salaries on the previous administration
She said this was due to financial mismanagement under the previous board.
Failure to pay workers believed to be political smear campaign against NW MEC
This came after the MEC allegedly told members of Scopa to declare their businesses with NWPTB.
Failure to pay workers believed to be political smear campaign against NW MEC
This came after the MEC allegedly told members of Scopa to declare their businesses with NWPTB.
Compensation Fund UIF Crisis: AGSA reveals years of mismanagement
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
Denel “weaknesses” affecting military operations
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.
KZN Scopa considers summoning Johan Kruger over Ithala management allegations
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.
Motshekga highlights Denel's challenges and its impact on military operations
Defence Minister Angie Motshekga discusses the challenges facing Denel, South Africa's state arms manufacturer, and its implications for military operations
Eskom’s governance to blame for rising costs
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.
Maswanganyi calls for financial summit after unsatisfactory banking sector responses
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.
Banking sector comes under Parliamentary scrutiny over transparency
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.
SIU finds irregularities in Rooiwal project tender
While no specific allegations of corruption were received, the SIU is busy with background checks and money flows.
A-G says no improvements in audit outcome of City of Joburg’s audit outcomes
The City of Johannesburg has for a number of years struggled with issues of collection of debt, revenue and dealing with compliance-related matters.
SIU seeks R33. 4 million from Cuba for unused Interferon alfa-2b drug
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.
NPA in crisis as SA struggles to combat rampant corruption
South Africa’s National Prosecuting Authority grapples with severe resource constraints and political interference, jeopardising its ability to combat high-level corruption effectively
NPA accused of fake it till you make it approach to state capture matters
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.
Government bodies’ audit outcomes improve
There has been improvement in audit outcomes throughout the course of the sixth administration.