A report by South Africa’s AuditorGeneral has uncovered significant monetary discrepancies at both provincial and national government levels, in contravention of the Public Finance Management Act. Material irregularities (MIs), including any breach of legislation, fraudulent activities, theft, or a violation of fiduciary obligations, were identified during an audit conducted under the Public Audit Act. Detecting and taking action against MIs fosters responsibility, safeguards resources, and promotes an ethical culture, fortifying public sector entities to more effectively serve South African citizens. The committee emphasized the importance of prevention over rectification and quick action over hesitation in safeguarding the integrity of public finances.
