“The public chapter of CFO South Africa is a great institution.” Those were the words of Dr Ivan Meyer, minister for finance in the Western Cape, when we spoke to him in the margins of the Risk, Compliance & Control Forum at the Cape Town Club last month. “With the current international financial climate we need financial resilience and this CFO forum confirmed to me that the CFOs we have, both in the public sector and in the private sector, have a lot of resilience to build the strong institutions that are necessary for a constitutional democracy.”
Heeding a call many Chief Financial Officers in the public sector have made over the last year or so, CFO South Africa established a separate chapter for public CFOs during the Cape Town event. Read more here.
Meyer was impressed with the initiative and says it has given him high hopes for the future. "I was so happy to be here today because it has given me the confidence that we have capable financial skills here in South Africa," Meyer said. "In South Africa there is consensus that we need to build a common vision around the National Development Plan. One of the pillars of the National Development Plan is to build a capable state, which requires good, solid financial management."
One of the roles the public chapter of CFO South Africa could play is to discuss the transformation of the Public Finance Management Act (PFMA) and supply chain management reform in the government, Meyer said. "We need to strive to achieve both clean audits and excellent service delivery."
Meyer was also responsible for the keynote speech during the CFO gathering in Cape Town. Read here what he had to say.
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