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Academic literature on the topic 'South Africa. Public Finance Management Act'
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Journal articles on the topic "South Africa. Public Finance Management Act"
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Fourie, D. J. "The public finance management act as a reform measure to capacitate public officials." South African Journal of Economic and Management Sciences 5, no. 1 (2002): 219–32. http://dx.doi.org/10.4102/sajems.v5i1.2672.
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The urgent need to develop South Africa's human resources in the public service has been conceptualized in many policy documents. The underlying objective of efforts to strengthen the human resources in the public sector, is the delivery of effective services to the people of South Africa. In line with the White Paper on the Transformation of the Public Service, 1995, the effective mobilization, development and utilization of human resources are stressed as important factors in the transformation of the public service because of their contribution to individual and institutional capacity to ensure effective governance. Financial resources are important in order to develop and sustain the skills of the public servants; however, there is a tendency to cut the budget for human resource development programmes. Alternative methods should be developed to obtain additional sources of income.
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Luyinda, Richard, Marlien Herselman, and Gerrit Botha. "IT Control Objectives for Implementing the Public Finance Management Act in South Africa." Issues in Informing Science and Information Technology 5 (2008): 029–49. http://dx.doi.org/10.28945/993.
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Roos, Mariaan. "Governance and Public Sector Transformation in South Africa: Reporting and Providing Assurance on Service Delivery Information." Africa’s Public Service Delivery and Performance Review 1, no. 3 (2012): 4. http://dx.doi.org/10.4102/apsdpr.v1i3.33.
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Reporting on performance was legislatively established in South Africa in terms of the Public Finance Management Act, Act 1 of 1999, section 40 (3)(a). The auditing of the reported information was legislated in the Public Audit Act, Act 25 of 2004, section 20(2) (c). The objectives of the article are firstly to provide an overview of the development and application of the reporting and secondly providing assurance on service delivery information and thirdly to reflect on challenges to the implementation thereof in South Africa. The aim through deploying these set objectives is to formulate possible future considerations for improved governance. As central part of the methodology, review of literature on reporting and audit of non-financialwas conducted. The research included scrutiny of the different philosophies and approaches adopted by different countries to the reporting and providing assurance on service delivery information. In this respect, the research reflects a comparative element. In South Africa the Auditor-General adopted a phasing-in approach. The development of the audit approach and audit procedures has reached a stable stage, nine years after the initial process started. The audit of performance information now forms an integral part of the regularity audit process. The analysis of audit findings of the period under study indicates a considerable improvement once initiated, but stagnation persists in subsequent years. Numerous challenges remain around the application of performance reporting in South Africa including non-compliance, the lack of sufficient and appropriate audit evidence, inconsistencies between the various strategic documents and the need to improve the usefulness of performance information. In conclusion the article proposes some steps to address the challenges.
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Nzewi, Ogochukwu, and Prosper Musokeru. "A Critical Review of the Oversight Role of the Office of the Auditor-General in Financial Accountability." Africa’s Public Service Delivery and Performance Review 2, no. 1 (2014): 36. http://dx.doi.org/10.4102/apsdpr.v2i1.42.
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Accountability is the very essence of the Constitution of the Republic of South Africa (Act No. 108 of 1996). In this regard, the Auditor-General of South Africa (AGSA) as the supreme audit institution of the Republic of South Africa plays an important oversight role of promoting financial accountability in government. The purpose of this article is to examine the challenges facing the office of the Auditor-General in executing its oversight role of promoting financial accountability in the sphere of provincial government. Information and sources for this article was gathered through literature review. The article gives some background on the establishment and rationale of Supreme Audit Institutions (SAI). It explores some policy framework that informs public finance management in the Republic of South Africa, establishing the role of the AGSA within this purview. Based on the data gathered through literature review, the key challenges facing the office of the Auditor-General are discussed. Finally, possible solutions are recommended to the challenges that were identified.
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Brauns, Melody, and David Mdlazi. "Ethics, codes of conduct, morals and professionalism as a bulwark against corruption and unethical conduct in the public sector: A case of South Africa." Risk Governance and Control: Financial Markets and Institutions 5, no. 4 (2015): 207–12. http://dx.doi.org/10.22495/rgcv5i4c1art9.
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This paper endeavours to critically examine ethics in South Africa especially after the first democratic elections and later developments. Such an analysis will inevitably overspill to the quality of service delivery and participation. As such there is a need for ethics to be re-examined and investigate how this may be used to improve efficiency and effectiveness in the South African government service. Much has been written on ethics and their relevance to the public sector organisations. Indeed they are critical for service delivery for both sectors namely, private and public sectors. This paper will trace the origins and development of ethics and their relationship with other associated terms such as morals, codes of conduct and relate same to the guidelines emanating from the South African Constitution Act (Act 108 of 1996). Once this objective has been achieved the position of ethics to our daily lives from individual and citizenship perspective will be explored. By such investigation it is envisaged to reposition ethics to our working environment as a vehicle that supports and fuels accelerated quality decision-making and service delivery. In that way it will be possible to locate the area of responsibility and accountability in the public sector. One will also examine the power-authority-responsibility triangle relative to ethics, ethical conduct, codes of conduct, and professionalism and indicate how these can be effectively applied to address issues of violation of human right through fundamental deprivation of critical services and products.
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Dzomira, Shewangu. "Financial accountability & governance in an emerging country." Corporate Ownership and Control 14, no. 3 (2017): 204–8. http://dx.doi.org/10.22495/cocv14i3c1art6.
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In the public sector the agents have the responsibility of being accountable to the exploitation of the resources towards service delivery. The public sector expenditure has been characterised with wasteful and fruitless, irregular and unauthorised expenditures. Therefore governance embraces the engagements set to certify that the anticipated upshots for stakeholders (citizens) are limpid and realized. This study is grounded on agency theory as it seeks out to analyse public expenditure and governance in South Africa’s public sector. The research study followed a qualitative research approach based on an interpretative philosophy which examined meaningful and symbolic content of qualitative data from 24 General Reports on The Provincial Audit Outcomes for the three periods (2012-2013; 2013-2014 and 2014-2015). The research results propose that public sector financial governance in South Africa is pitiable as the public agencies perpetrate an act of financial misdemeanour as they continue to errantly make irregular expenditures, unauthorised expenditures and, fruitless and wasteful expenditures. Public finance management reform is a necessity as it can aid governments move to single accounting systems across the public sector, permitting centralised planning and budgeting, as well as the capacity to observe the expenditure of funds centrally. It is recommended that governments should implement integrated financial management systems which allows for integrated budgeting, financial management, procurement and supply chain management.
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Marimuthu, Ferina. "Government assistance to state-owned enterprises: a hindrance to financial performance." Investment Management and Financial Innovations 17, no. 2 (2020): 40–50. http://dx.doi.org/10.21511/imfi.17(2).2020.04.
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This study aimed to examine whether government financial assistance influences the financial performance of state-owned enterprises. Commercial state-owned enterprises in South Africa that are listed under the Public Financial Management Act during the post-apartheid era from 1995 to 2017 were sampled. Government guarantees were measured as a dummy variable, while financial performance was measured by accounting measure: return on assets (ROA). Endogeneity issues were addressed, and data analysis was performed on an unbalanced panel using the two-step system GMM. The empirical evidence indicated that support by the government in the form of guarantees and subsidies has a significant negative effect on the financial performance of state-owned enterprises. This is an indication that continued government bailouts to poor performing state-owned enterprises exacerbates their poor financial performance and encourages these enterprises to become too reliant on government assistance, burdening the national fiscus. AcknowledgmentsThe author gratefully acknowledges the National Research Foundation of South Africa for the research grant and Dr Farai Kwenda for his supervision during the study.
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Mditshwa, Siviwe, and Rozenda Hendrickse. "Coega and East London industrial development zones (IDZs): the financial and socio-economic impact of the Eastern Cape IDZs and their prospects." Public and Municipal Finance 6, no. 3 (2017): 7–16. http://dx.doi.org/10.21511/pmf.06(3).2017.01.
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The aim of this article was to assess the financial and socio-economic impact of the two Industrial Development Zones (IDZs) emanating from the public-private partnerships (PPPs) arrangement in the Buffalo City and Nelson Mandela Metropolitan Municipalities, located in the Eastern Cape of South Africa. The metropolitan municipalities, despite the introduction of PPPs, are still faced with serious socio-economic challenges such as slow economic growth, increased poverty levels, unemployment and mostly stagnant infrastructure development as a result of underfunding. In addition, metropolitan municipalities remain obliged to deliver on their constitutional mandate, which is the provision of services to communities consistent with the Municipal Financed Management Act (MFMA) and Municipal Systems Act (MSA). Municipal financial planning and management leads to the development of methods to achieve sound financial performance in municipalities in line with service delivery demands. Sound municipal financial performance enables the municipalities to provide goods and services to all citizens. The study adopted a quantitative research approach, where a structured questionnaire was administered to 50 purposely selected participants. A core finding of the study suggested that the metropolitan municipalities benefited from the IDZs PPP arrangements where project planning, development and management skills were transferred to government officials, impacting on improved service delivery. A key recommendation forwarded suggests that both the national government and metropolitan municipalities need to champion PPP procurement through the enhancement of the Municipal Public Private Partnership Implementation Framework. The study concluded that a regulation, such as the aforementioned, without a structured implementation plan, eminently jeopardizes an investor’s interest in PPP arrangements, with negative financial consequences for the state.
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Molefe, Karabo, Natanya Meyer, and Jacques De Jongh. "A Comparative Analysis of the Socio-Economic Challenges Faced by SMMEs: The Case of the Emfuleni and Midvaal Local Municipal Areas." Journal of Economics and Behavioral Studies 10, no. 4(J) (2018): 7–21. http://dx.doi.org/10.22610/jebs.v10i4(j).2401.
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Flourishing and thriving small, medium and micro enterprise (SMME) sectors have become one of the leading recognised cornerstones of economic development. The ability of these businesses to act as key drivers of economic growth, innovation and job creation make them valuable assets towards any nation’s strive for a more inclusive economic and social outlook. For South Africa in particular, burdened by an epidemic of unemployment, poverty and income inequality, SMMEs role in improving the socio-economic environment proves pivotal. Yet, despite their potential, these businesses face a myriad of challenges, emanating from both internal and external environments, that restricts their growth and development. The primary aim of this study is to identify and compare the main socio-economic challenges faced by SMMEs in two local areas within the Vaal Triangle region. The study made use of a quantitative research approach and a cross-sectional research design through means of the survey method. The sample consisted of a total of 198 SMME owners that resided in both the Emfuleni (ELM) (n = 100) and Midvaal (MLM) (n = 98) local municipal areas. Data analysis involved the use of descriptive statistics, cross tabulations and chi-square tests. Overall the results of the study revealed that amongst the biggest challenges faced by SMMEs included managerial as well as economic aspects such as a lack of skilled labour, insufficient business training and lacklustre local economic conditions. The comparative analysis further revealed more significant infrastructural challenges in the Emfuleni local municipal area while market challenges such as a lack of demand as well as higher transportation costs were experienced by SMMEs located in the Midvaal area. The findings of the study provide valuable insight towards fostering an enabling environment for SMME development, specifically on local levels. In this regard policy stakeholders should adopt a multi-sectoral SMME focus. Possible recommendations include enhanced macroeconomic stability, strong public-private partnership formation and the provision of strong business support structures that facilitate management skills development together with the provision of strategic finance facilities.
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Utembe, Wells. "Regulatory Control and Management of Public Health Pesticides in South Africa." Outlooks on Pest Management 30, no. 6 (2019): 254–57. http://dx.doi.org/10.1564/v30_dec_05.
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Pesticides used in residential settings may have harmful health effects. There are reports about pesticide poisoning in South Africa, especially among children under the age of five years. The Department of Agriculture, Forestry and Fisheries and the Department of Health use the Fertilizers, Farm Feeds, Agricultural Remedies and Stock Remedies Act (Act No. 36) to ensure that pesticides are only registered after a rigorous science-based risk assessment. The Act 36 was designed primarily for agricultural pesticides. Therefore, guidelines have recently been developed to facilitate registration of PHPs. However, these guidelines do not provide guidance on acceptable methods for estimating residential exposures. Furthermore, inadequate monitoring and regulation of pesticides have resulted in the use of highly toxic pesticides in residential and commercial settings. Responsible government agencies and independent poisoning information centres (PICs) appear to lack the capacity routinely to report and investigate all pesticide-poisoning incidents adequately and comprehensively. Therefore, there is need to strengthen the capacity of responsible agencies as well as to conduct a revision of Act 36 in order to address critical gaps with regards to the registration, monitoring and surveillance of PHPs.