DA condemns govt entities & depts’ failure to submit annual financial reports

DA denounces government agencies and departments for failing to submit yearly financial reports.

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The Democratic Alliance ( DA) has criticized government agencies and organizations for repeatedly failing to submit yearly reports in Cape Town.

The National Student Financial Aid Scheme ( NSFAS ), South African Airways ( SAA ), and DENEL, a manufacturer of weapons, are among the organizations.

Failure to meet deadlines makes it difficult to hold people accountable, according to Annelie Lotriet of the party.

Government agencies have consistently reported wasteful and fruitless spending since 2017.

SAA’s annual financial statements were last finalized in 2018, according to DA deputy chief whip Annelie Lotriet.

She stated that Denel, whose accounts were last published three years ago, will only finish its audits in November of this year.

The reporting of state-owned diamond miner Alexkor, which is also in financial trouble, is one year late.

The Public Finance Management Act’s alarming lack of accountability and adherence to legal requirements is reflected by the Democratic Alliance, which strongly condemns the government agencies and organizations’ repeated failures to submit annual reports to Parliament.

By the end of March of next year, NSFAS hopes to have submitted its 2022 – 2023 statements, according to Lotriet.

According to her, this failure has a direct impact on Parliament’s and the general publics’ capacity to evaluate and hold officials accountable.

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