{"id":237606,"date":"2022-09-20T09:57:41","date_gmt":"2022-09-20T07:57:41","guid":{"rendered":"https:\/\/www.myza.co.za\/management-discipline-key-to-ensuring-value-for-money\/"},"modified":"2022-09-20T09:57:41","modified_gmt":"2022-09-20T07:57:41","slug":"management-discipline-key-to-ensuring-value-for-money","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/management-discipline-key-to-ensuring-value-for-money\/","title":{"rendered":"Management discipline key to ensuring value for money"},"content":{"rendered":"
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The Auditor-General of South Africa (AGSA), Tsakani Maluleke, says South Africa must improve coordination across public institutions and government in order to minimise duplication and fragmentation.<\/p>\n

She made the remarks while addressing the \u2018Governance and Technologies in a Disrupted Economy\u2019 seminar at the Durban International Convention Centre (ICC) on Monday.<\/p>\n

\u201cManagement disciplines are also key to ensuring that value is derived for money spent on projects, especially infrastructure development and maintenance.<\/p>\n

\u201cFor some time now, we have highlighted the need for competence and stability in the administration of public institutions. We have also cautioned against overreliance on consultants, and raised the issue on the costs of consultants versus the return on investment received,\u201d Maluleke said.<\/p>\n

Over the past five years, she said the AGSA had reported on the overreliance of municipalities on consultants who assist them with compiling Audited Entity Financial Statements (AFS) for audit.<\/p>\n

\u201cWe have reported that South African municipalities spent R5.3 billion on consultants for the purpose of compiling financial statements for audit, with 70% of municipalities using them every single year during this period.<\/p>\n

\u201cIn the 2020-21 financial year alone, municipalities spent R1.26 billion on consultants. Sometimes, even where consultants are used, we receive annual financial statements with material errors,\u201d she said.<\/p>\n

Maluleke said with better governance and compliance with legislation, processes and policies, government would support the country\u2019s collective desire to ensure that public institutions and officials deliver a better quality of life for all people.<\/p>\n

\u201cNow more than ever, the need for strong governance, capable institutions and competent public officials who deliver on the hopes and aspirations of citizens, is unanimous and undisputed,\u201d she said.<\/p>\n

The AGSA has over the years demonstrated that poor audit outcomes strongly correlate with weak governance, instability at key management and leadership levels, weak internal controls and ineffective consequence management.<\/p>\n

These features, she said, inevitably lead to poor performance and service delivery, as well as weakened financial health and overall capability of public institutions.<\/p>\n

\u201cAs the AGSA, we have reported on poor audit outcomes and inadequate service delivery in many municipalities. One of the root causes of such outcomes, is the pattern of poor conduct by those that are elected and appointed to serve as stewards over public institutions.<\/p>\n

\u201cAll too often, we find that these leaders do not invest building public institutions with a culture of performance, accountability, transparency, and integrity,\u201d she said.<\/p>\n

One of the contributing factors to the lack of improvement in the audits outcomes, Maluleke said, \u201cis the lack preventative controls and consequence management, which translates directly into the leakage and inefficient use of public resources\u201d.<\/p>\n

\u201cIf done well, preventative controls and effective consequence management can go a long way towards ensuring that resources are used efficiently and effectively in ways that can truly deliver on the aspirations of citizens,\u201d said Maluleke. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Auditor-General of South Africa (AGSA), Tsakani Maluleke, says South Africa must improve coordination across public institutions and government in order to minimise duplication and fragmentation. She made the remarks while addressing the \u2018Governance and Technologies in a Disrupted Economy\u2019 seminar at the Durban International Convention Centre (ICC) on Monday. \u201cManagement disciplines are also key […]<\/p>\n","protected":false},"author":1,"featured_media":237607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-237606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/management-discipline-key-to-ensuring-value-for-money.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/237606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=237606"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/237606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/237607"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=237606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=237606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=237606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}