According to an article by Amanda Visser, fewer than half of government departments are able to provide "credible and quality information" in their financial reports. Quoting auditor-general Terence Nombembe, it seems
state finances are regressing.
It's bad enough when we hear of our tax monies being wasted through the need (call that greed) of individuals within government deciding to spend millions on parties, luxury cars, first-class travel and so on, but it's almost worse when even the auditor-general has an issue with the departments and municipalities' accounting standards, and we then don't know where money is going or how it is being spent or wasted.
Do you want to know what the
best programs to protect passwords are? Subhash Chandra has some suggestions for you.
On the aquaculture front, the
environmental impact guideline for aquaculture has been published for public comment. You can download the entire document from the article on Bizcommunity.com.
As if being taxed to poverty weren't enough, and then discovering that the average government department and vast majority of municipalities have a less than stellar record when it comes to accounting practice, it seems like the
petrol price may go up 87c a litre.
And to think that one day
these will be the bad old days...
Rod Baker: Content Director
Submit your company news to
miningnews@bizcommunity.com. Exclusive contributions may be sent to
contributors-mining@bizcommunity.com.
Resources group Anglo American PLC reported a 55% decline in underlying earnings per share to US 2.26 cents for the year ended December from 5.06 cents a year ago. 
Businesswoman Mamphela Ramphele's decision to resign as Gold Fields chairman is long overdue, the National Union of Mineworkers (NUM) said on Wednesday (13 February). 
SA's mining industry is facing numerous challenges as it is compelled to comply with the mining charter and its directives around black economic empowerment (BEE) but Biodvest Laundry claims it can help the mining sector meet these challenges. 
