Auditor-General of SA signs up for Finance Indaba 2018

The Auditor-General of South Africa exists to strengthen the country's democracy by enabling oversight, accountability and governance in the public sector

The Auditor-General of South Africa has joined Finance Indaba 2018 as a silver partner and will make its third consecutive showing at the event at the Sandton Convention Centre in October.

The Auditor-General of South Africa is a chapter 9 institution established in terms of the Constitution and, as the supreme audit institution (SAI) of South Africa, it exists to strengthen the country’s democracy by enabling oversight, accountability and governance in the public sector through auditing, thereby building public confidence.

It is the only institution that, by law, has to audit and report on how the government is spending the South African taxpayers’ money and this has been its focus of as an institution since its inception in 1911.

Thembekile Kimi Makwetu (pictured), who has worked at the likes of Deloitte, Nampak, Metropolitan and Liberty in the private sector, was appointed as the Auditor-General in 2013 for a term of seven years.

"The people who are at the front line, namely the CFO, the municipal managers, the people within the supply chain and procurement departments, do not have the proper respect for the disciplines that they should be enforcing. You find that the people who are supposed to exercise some form of independent oversight are better equipped than the people they report to," said Kimi in speech at Finance Indaba 2017 examining the failure of municipalities to manage finances and ensure transparency effectively.

The Finance Indaba is the biggest annual event on the continent for financial managers and specialists who are seeking partnerships to drive progress. Thousands of delegates will gain valuable insights into realising financial performance and growth, becoming more efficient and accessing funding, among a host of other opportunities from leading players in financial services.