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South Africa

Deteriorating audit outcomes of state-owned entities a concern

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Auditor-General (AG) Tsakani Maluleke says “weak controls and disciplines over financial and performance management as well as compliance” have caused a regression in the audit outcomes of state-owned enterprises (SOEs) over the past financial year.

Treasury notes IMF concerns

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The National Treasury says the International Monetary Fund’s (IMF) concerns over the South African economy are aligned with government’s response programme to stimulate growth, which is guided by South Africa’s Economic Reconstruction and Recovery Plan.

Incremental improvement in government audit outcomes

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Auditor-General Tsakani Maluleke has called on government departments and public entities to implement and exercise more controls in the use of public funds in order to achieve cleaner audit outcomes.

West Africa tour beneficial to SA: President Ramaphosa

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Concluding his visit to four West African countries, President Cyril Ramaphosa said he was confident that the tour would be beneficial for South Africa after reaching bilateral agreements with the Federal Republic of Nigeria, Ivory Coast, Ghana and Senegal.

Committee agrees in principle to inquiry into power procurement deals

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Parliament’s Portfolio Committee on Mineral Resources and Energy has agreed in principle to the terms of reference for an inquiry into the awarding of energy contracts related to the procurement of energy through the Risk Mitigation Independent Power Purchase Procurement Programme (RMIPPPP).

SARS to implement tax directives enhancements

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The South African Revenue Service (SARS) will from 1 March 2022, introduce changes to its systems, in an effort to prevent large tax return debt for taxpayers who receive income from more than one source.

Forum to discuss COVID-19 vaccine manufacturing

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Leading a world-class consortium to create the first technology transfer hub for COVID-19 vaccines in Africa, South Africa's Department of Science and Innovation is convening a multi-stakeholder forum on Thursday, in collaboration with local and international partners, as COVID-19 cases continue to rise.

Nedlac urged to lead review of labour laws

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Employment and Labour Minister Thulas Nxesi has called on Nedlac to lead a review on labour laws in order to cut red tape and administrative costs for small medium and micro enterprises (SMMEs).