Today's Labour News

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auditorgeneralCity Press reports that corrupt officials may soon find themselves personally liable for losses incurred by the state if Auditor-General Kimi Makwetu has his way.  

Makwetu has proposed that a review of the Public Audit Act be conducted to enable his office to refer undesirable audit outcomes for further investigation by appropriate investigative agencies, such as the Hawks and the National Prosecuting Authority.  Where financial losses were incurred through flagrant mismanagement, a debt would be raised against the officials fingered.  Speaking to the SA Institute of Chartered Accountants on the Public Finance Management Act audit outcomes, Makwetu said his office wanted the reviewed legislation to raise a debt in the state pension funds of those officials who had acted recklessly, to ensure that the debt incurred was settled by the guilty party.  According to Makwetu’s spokesperson, the procedures to support Makwetu’s proposal to Parliament to grant him extended powers have yet to be determined and will be articulated in a set of regulations after the amendments to the act have been promulgated.

  • Read this report by Lesetja Malope in full at City Press

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