Use accounting grads to help fix grim finances of municipalities - economist

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Economist Sifiso Skenjana says a pool of skilled accounting graduates could be deployed to help fix SA's  municipalities.
Economist Sifiso Skenjana says a pool of skilled accounting graduates could be deployed to help fix SA's municipalities.
Deon Raath/Rapport

Accounting graduates could be deployed to help fix the finances of SA's struggling municipalities in the same way that medical graduates undertake community service, according to chief economist at IQbusiness Sifiso Skenjana.

Skenjana was speaking the day after Auditor-General Tsakani released her annual audit report on SA's 257 municipalities.

The report, which covers the 2019/20 financial year, found that many South African municipalities were in crisis, with roughly a quarter unsure whether they could continue operating as going concerns in the near future. Three-quarters were showing signs of severe financial strain as they struggled to recover debt, pay creditors or manage burgeoning deficits. 

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.56
-1.0%
Rand - Pound
20.05
-1.0%
Rand - Euro
16.86
-1.1%
Rand - Aus dollar
11.53
-0.1%
Rand - Yen
0.12
-0.6%
Gold
1,773.51
-0.1%
Silver
19.94
-1.0%
Palladium
2,147.62
-0.6%
Platinum
930.00
-0.9%
Brent Crude
92.34
-3.0%
Top 40
64,193
-0.8%
All Share
71,014
-0.7%
Resource 10
63,067
-3.6%
Industrial 25
87,440
+0.4%
Financial 15
16,253
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders