Gordhan set to discuss government World Cup ticket issue

By Staff Writer
Finance Minister Pravin Gordhan will soon meet with the Auditor-General and the chairman of the Standing Committee on Public Accounts (Scopa) to discuss the issue of World Cup ticket purchases by government departments, public enterprises, and municipalities.

While there may be legitimate reasons for buying tickets to advance the business case of public enterprises and government departments, concern has been raised as to what action may be taken should the Auditor-General deem this expenditure wasteful or fruitless.

The Public Finance Management Act (for national and provincial government)and the Municipal Finance Management Act (in the case of local government) clearly outlines that the responsibility to ensure that public funds are not wasted rests with accounting officers. This would be the Director-General in the case of a national department and municipal manager in the case of local government.

Each Director- General is in turn accountable to Parliament for the expenditure of public funds. Parliament is the authority responsible for approving budgets and authorising the transfer of funds from the National Revenue Account to the relevant departments.

The Minister reiterates his call for civil servants to live up to their moral contract with citizens and for restraint and discernment to be exercised in the use of public funds.

Recent Articles

Featured Do you need credit to survive Easter?

Easter weekend is here and with it the expectation of celebration. While there is nothing wrong with this, it often means spending more money than you bargained for.

 

Read more

Young woman building a legacy brick by brick

When her dad passed away, Siyasanga Ngcongca, an internal auditing graduate, took over the family business. Ngcongca Construction, as her company is known, is a service provider to five insurance companies, handling building and commercial claims.

Read more

Can you evict paying residential tenants?

One of the most common reasons for wanting to evict a tenant is non-payment of rent. But there are many other situations that landlords may encounter. These can range from damaging property and breaching contract, to being reported as a continuous disturbance by neighbours.

Read more

How one entrepreneur designed her financial future

From as early as Cannon remembers, she recalls her grandmother seated behind a sewing machine. Through this influence she was sewing her own aprons and doll dresses by the time she was ten, and by the time she was 16, she started designing and make her own clothes.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Hartbeespoort Romantic Weekend Special

Price: R2,999
When: Weekends
Where: North West

Da Vinci Happy Hour

Price: Available on request
When: Weekdays
Where: Cape Town

Glenburn Spa Easter Package

Price: From R1,065
When: 18 -22 April
Where: Muldersdrift