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
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Proxama, the provider of near field communications (NFC) mobile wallet and mobile marketing technology, has announced the appointment of Coen van Breda as its Chief Financial Officer. He also joins Proxama's board. 
Insurance group Clientele Limited lifted its headline earnings by 32% to R147.8m for the six months ended December. 
The multipurpose child and youth care facility, Hilary House - a project of The Homestead based in Khayelitsha, Cape Town officially opened recently. More than 100 FNB volunteers assisted with building the home. 
A proposed new credit amnesty could benefit up to two million blacklisted South Africans, the Department of Trade and Industry told MPs on Wednesday (13 February). 
Emira Property Fund on Wednesday (13 February) reported distribution growth of 3.5% for the six-months to December‚ representing a significant improvement in growth prospects for the rest of its financial year. 
The South African Students Congress (Sasco) last week called for an "education tax" on business as an alternative to a proposed tax on graduates, which was floated by the ANC in its Mangaung conference resolutions. 
Government must give tax rebates to citizens who pay for their own private security, trade union Solidarity said on Wednesday (13 February). 
Hudaco Industries advised on Tuesday (12 February) that assessments have now been received from SA Revenue Services (SARS) for the financial years 2007 to 2011. 
WASHINGTON, USA: Warren Buffett's investment powerhouse Berkshire Hathaway and 3G Capital announced Thursday (14 February) that they would take over US ketchup-maker Heinz in a deal valuing the company at US$28bn. 
MUMBAI, INDIA: Finnish phone giant Nokia said on Tuesday (12 February) it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as "excessive and unacceptable". 
Not one Eastern Cape municipality has obtained a clean audit, according to a report on Monday (18 February). 
Poor, academically deserving students cannot get a university education because of their financial position, the chairman of Parliament's portfolio committee on higher education Ishmael Malale, said on Wednesday (13 February). 
