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Tag: wasteful expenditure

Are consultancy fees and municipal salaries fruitless and wasteful expenditure?

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The municipal skills shortage has reared its nasty head again. This was identified  by the Auditor General (AG), Ms. Tsakani Maluleke, who briefed parliamentary committees on the 2019/20 local government audit outcomes and the COVID-19 relief funds expenditure in a session on 22 June 2021.

Flying the rich at the expense of the poor, sick and...

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Government's first duty is to protect the rights of citizens. Instead, ours has prioritised yet another bailout of R10.5 billion for the failed South African Airways (SAA), with a further R6.5 billion in the pipeline. This while citizens die in hospitals lacking basic personal protective equipment, staff and oxygen supplies, and there remains no vaccine on the horizon.

Enabling policies awaited after 4th industrial revolution report

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The Presidential Commission Report on the 4th Industrial Revolution makes several strategic recommendations, but it needs to be followed by agile policy and regulation. The Presidential Commission on the 4th Industrial Revolution (the Commission) was tasked with drawing up a strategy to enable South Africa to participate fully in the fourth industrial revolution (the 4IR). Its report was published on 23 October 2020.

Only economic freedom can reverse SA’s decline in human development

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South Africa’s access to healthcare and housing is 'increasingly deteriorating', according to the 2020 Ibrahim Index of African Governance (IIAG). The IIAG assesses governance in 54 African countries based on public goods and services that citizens have a right to expect from their governments, and the responsibility of a government to deliver.

Proposed amendment of PFMA deserves multi-partisan support

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Democratic Alliance Member of Parliament, Ghaleb Cachalia, who also serves as the party’s spokesman on public enterprises and serves on the Ethics Committee in Parliament, introduced the Public Finance Management Amendment Bill to the National Assembly.

IMF funding: the benefits to SA’s investment outlook

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A loan from the IMF could instil investor confidence – with or without conditions. The previous announcement by the Minister of Finance Tito Mboweni that the South African Government is considering approaching the International Monetary Fund (IMF) for financial assistance amid the COVID-19 pandemic has drawn quite a bit of criticism.

2020 Budget Predictions

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As we approach Budget Speech Day on 26 February 2020, many people are wondering what kind of rabbit Finance Minister Tito Mboweni is going to pull out of his hat this year. Most commentators will talk about ‘bracket-creep’, sin taxes and an increase of 1% to the VAT rate. But the Minister needs to start becoming a little more creative.

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