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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Bekezela Phakathi.]

The Presidency has again been found to have violated the Public Finance Management Act, Treasury guidelines and preferential procurement regulations.

The Presidency’s 2016-17 annual report showed that it incurred irregular expenditure of about R17m because prescribed supply chain prescripts were not being followed.

The Presidency got an unqualified audit opinion, but Auditor-General Kimi Makwetu identified various issues of concern, including the Presidency’s failure to meet contractual obligations and to settle payments within 30 days, as required by the act and regulations.

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South Africa at a Glance
56 500 000 (mid 2017 estimate)
4.4% y/y in January 2018 (CPI) & +5.1 y/y in January 2018 (PPI)
3,1% q/q for the 4th quarter of 2017
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