Share

Cape beefs up finances, corruption fight

Johannesburg - The Western Cape provincial treasury will beef up its efforts to improve financial management and fight corruption, finance MEC Alan Winde said on Friday.

His asset management programme would continue to help enforce the efficient management of financial systems, supply-chain and moveable asset management across the provincial and municipal spheres, he said.

This would be done to close loopholes which resulted in corruption.

"With its allocation of R39.8m... this programme will focus on enforcing compliance with the supply chain... by ensuring data integrity and transparency in reporting and by training the staff who deal with government financial transactions," Winde said.

He was delivering his provincial budget in the legislature in Cape Town.

In total, the provincial treasury received a budget of R446.2m in the 2013/14 financial year.

This included R252.6m being housed within the Western Cape department of finance for distribution to special projects. The money would be disbursed once the implementation plans for these projects had received final approval.

Winde allocated R24.8m for financial governance to develop stringent accounting and financial management practices within provincial and local government.

At a municipal level, in the coming year, the primary tasks of this programme would be to improve the application of Generally Recognised Accounting Practice (Grap) standards and financial reporting, he said.

Winde said he wanted full compliance with Grap minimum standards by 2015.

An amount of R86.2m was set aside for the provincial wide area network plan.

A further R34.7m had been allocated for e-education hardware, and R6.9m for broadband library services.

Private sector investment in the green economy would get a boost of R6m.

Just under R104m had been earmarked for the development of systems and processes which would professionalise the public service, strengthen accountability, improve co-ordination and reduce instances of corruption, Winde said.

"Under this allocation, funding has been earmarked for the roll out of biometric fingerprinting devices for those staff members designated to handle government's money," he said.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.90
+0.2%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.38
+0.3%
Rand - Aus dollar
12.31
+0.2%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
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