South African Public Sector Financial Risk Assessment & Management 1. South Africa’s public sector faces significant financial risks that threaten service delivery and the sustainability of government institutions. Recent reports indicate that over 160 municipalities are classified as financially distressed, with 98 operating on unfunded budgets. The Auditor-General identified 285 material irregularities at municipal auditees with an estimated R8.74 billion in losses. In Gauteng alone,municipalities […]
