The Free State municipality is facing severe fiscal distress, with liabilities exceeding R5.8bn and a R871.6 million deficit, says Auditor General Tsakani Maluleke
The KwaZulu-Natal state-owned bank is working to overcome its regulatory and legislative issues
The board is also considering closing Ingonyama Holdings
The nomination of Inkosi Thanduyise Mzimela by the Zulu king clears the way for a permanent board to be appointed
Land Reform Minister Thoko Didiza says a new board will be in place by mid-January
Poor leadership and accountability hindered the entity from developing proper procedures to deal with those responsible for mismanagement and fraud
The trust’s officials couldn’t say how the money was invested because the information was not forthcoming from the ITB’s investment wing
Less than one in five municipalities received a clean audit for 2020-21
