Today's Labour News

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earningsMoneyweb reports that the Ingonyama Trust, which administers tribal land under communal tenure in KwaZulu-Natal (KZN), has been slapped with an adverse audit opinion by the office of Auditor-General (AG) of SA.  

Parliament’s portfolio committee on agriculture, rural development and land affairs this week dealt with the trust’s annual report for the 2019/20 financial year.  The trust’s board now finds itself in a position where its liabilities outstrip its assets even as it faces sky-rocketing personnel costs.  Whereas in the 2017/18 financial year the employee cost to company stood at R21.9 million, by 2019/20 it had increased to R31.9 million – an increase of a whopping 45.6% in just two years.  Much of the increase in personnel costs seems excessive.  Although the trust is partially funded by government, its board has for many years held the view that the trust does not have to comply with the Public Finance Management Act (PFMA) and does not have to explain itself to Parliament.  This attitude has led to explosive meetings between the Ingonyama Trust Board and the parliamentary portfolio committee over the years, and this week’s was no different.  The DA’s Thandeka said she believed taxpayers should stop funding the Ingonyama Trust:  “The Ingonyama Trust Board should be disbanded. It is not willing to account to Parliament. The information required is simply not provided – the figures are not there.  Tammy Breedt of the Freedom Front Plus added that it was unacceptable that the trust’s board had once again achieved a qualified audit outcome.

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