Focus: Funding of South African public schools explained

Since 1994, the government’s efforts to redress historical imbalances and achieve equity were fundamental policy mechanisms to restructure South African education Equity reforms in post-apartheid South Africa were intended to equalise funding among provinces, schools and socio-economic groups. This was undertaken through national policies that would direct state funding to public schools. The most significant…

Focus: Public sector – The impact of 4IR on accounting and finance in the public sector

Doing the 4IR perspectives for accountants’ course as a trainee in the public sector made me wonder how the Fourth Industrial Revolution (4IR) could affect my organisation as a chapter 13 institution which is responsible for managing the public finances of the country. This article is a synopsis of thoughts and observations from our experiences…

Focus: Public sector – Forgery risk high during COVID-19 lockdown period

As the risks of the COVID-19 pandemic saw various small to large entities crumble, it was an opportunity for fraudsters to flourish too. Assurance providers throughout the value chain of the integrated assurance should therefore ensure vigilance in managing the risks associated with fraud during a remote-working period The lockdown meant that most people, including…

Focus: Public sector – Why does accounting in the public sector matter?

Most often people think of accounting as being synonymous with rands and cents, profit or loss, equity, and investor returns. In the private sector, that is certainly the case as the accounting and reporting in the financial statements allows investors to decide which entity they want to invest in and what returns they should expect.…

Focus: Public sector – Municipalities and their role in local communities

Given the history of our country, it is no surprise that the constitution determines developmental duties for municipalities by requiring them to structure and manage their administration, budgeting and planning processes to give priority to the basic needs of their communities and promote the social and economic development of the community The Constitution of the…

Viewpoints: Leadership through impact

Government’s role in supporting social investments SHILUBA MAWELA CA(SA) Managing Partner: Tshiamo Impact Partners – an impact advisory and impact fund management firm In South Africa, many efforts support investment into SMMEs. These include initiatives and programmes administrated or supported by public institutions and development finance institutions like the Development Bank of Southern Africa (DBSA)…