Latest news with #KZNTreasury
Eyewitness News
2 days ago
- Sport
- Eyewitness News
Over 400 police officers lace up running shoes for Comrades Marathon
JOHANNESBURG - More than 400 police officers have laced up their running shoes alongside thousands of athletes in 2025's Comrades Marathon. KwaZulu-Natal's police commissioner said they're not the only officers on the route, as hundreds more have been deployed to ensure safety and security. ALSO READ: - Police presence in KZN beefed up for Comrades Marathon - KZN Treasury banking on Comrades Marathon to give local tourism a boost The 98th edition of the ultra-marathon began at 06:45 on Sunday morning, marking the down run from Pietermaritzburg to Durban. The race in 2025 features over 22,000 runners - the largest number of participants in its history. Provincial police commissioner Nhlanhla Mkhwanazi has also urged racers to remain cautious. 'As you enjoy running, make sure you don't increase the number of casualties that end up in hospital because of negligence. We have medical facilities in the province, but we don't want to use them unnecessarily. We want runners to arrive safe.'
The Citizen
6 days ago
- Business
- The Citizen
3 KZN municipalities to begin system training for better service delivery
3 KZN municipalities to begin system training for better service delivery Three KZN municipalities — uMfolozi, Ulundi and Nkandla — will travel to Pietermaritzburg this Thursday to begin training on the Cash Management System (CMS), a move aimed at enhancing effective service delivery. The training forms part of a broader initiative by KZN Treasury to improve financial efficiency and curb overspending and wasteful expenditure at local government level. ALSO READ: KZN municipalities lauded for clean audits According to Finance MEC Francois Rodgers, the CMS will be rolled out in seven municipalities between now and December. The system is designed to: • Improve service delivery • Ensure timely payments to service providers • Reduce municipal budget deficits 'This CMS roll-out will help strengthen financial accountability at local government level,' said Rodgers. The high-level workshop will bring together mayors, municipal managers, chief financial officers and project champions, who are expected to sign a formal acknowledgement of understanding and commitment pledge. Read the full story in the ZO Weekender Don't have the ZO app? Download it to your Android or Apple device here: HAVE YOUR SAY Like our Facebook page and follow us on Twitter. For news straight to your phone invite us: WhatsApp – 060 784 2695 Instagram – zululand_observer At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
IOL News
02-06-2025
- Business
- IOL News
MEC Rodgers to implement Cash Management System (CMS) for municipal financial stability
KwaZulu-Natal Finance MEC Francois Rodgers. Image: KZN Treasury Facebook FINANCE MEC Francois Rodgers is o a campaign to ensure that municipalities in the province are financially stable and capable of delivering services to their communities. The Department pff Finance announced on Monday that starting in June until December 2025, MEC Rodgers will lead the implementation of a Cash Management System (CMS) at seven municipalities in KZN. One of the municipalities set to benefit from this initiative is the Impendle Local Municipality. It was revealed recently that the municipality failed to pay wages and benefits in full and on time. This situation has raised alarm among employees, who are concerned about the impact on their livelihoods and the municipality's ability to manage its financial obligations effectively. The CMS aims to resolve a myriad of financial management challenges at the local government level, including: Implementation of debt collection and credit control policies. Overspending. Management and utilisation of conditional grants. Ultimately, the department said, CMS aims to improve service delivery, ensure timely payments to service providers, and reduce budget deficits at the local government level, among other initiatives. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ It said this week, MEC Rodgers will convene a high-level gathering involving Mayors, Municipal Managers, Chief Financial Officers, and Project Champions. The targeted municipalities for the implementation of the CMS are: Ugu District. Richmond. uMngeni. Nkandla. iMpendle. uMfolozi. Ulundi. KZN Treasury is constitutionally mandated to monitor as well as support the financial functions at municipalities. The seven municipalities were identified as potential beneficiaries for the CMS after assessments by the KZN system may be extended to other municipalities based on assessments. MEC Rodgers stated: 'KZN Treasury is empowered by section 5 of the Municipal Finance Management Act (MFMA) to perform oversight, monitor the financial functions, as well as to provide technical support and guidance to assist municipalities by instilling effective financial management practices.' 'The team at KZN Treasury and I are determined to act in accordance with our constitutional obligations so that we may succeed in the mission to establish an ethical and capable state. Municipalities are the closest sphere of government to communities. KZN Treasury is determined to empower and create capacity at municipalities as part of its mandate,' he added. THE MERCURY
The Citizen
02-05-2025
- Business
- The Citizen
KZN Treasury unhappy with Godongwana's R2bn guarantee to Ithala depositors
MEC Rodgers claims the proposal was made without consulting the government of provincial unity, which has rejected the minister's approach. Finance Minister Enoch Godongwana has issued a R2 billion guarantee to the clients of state-owned Ithala Bank, much to the displeasure of the KwaZulu-Natal (KZN) government. According to KZN Finance MEC Francois Rodgers, the minister informed South African Reserve Bank (SARB) Governor Lesetja Kganyago that a government guarantee exceeding R2 billion would be issued to facilitate payments to more than 220 000 Ithala retail depositors. It is also alleged that Godongwana instructed Kganyago to appoint a private sector financial institution to oversee the repayment of funds. KZN Treasury unhappy over Ithala developments Rodgers expressed his dissatisfaction with the development, particularly the suggestion that the KZN provincial government, as Ithala's shareholder, would bear the financial responsibility for the R2 billion. The MEC claimed this proposal was made without any consultation with the government of provincial unity (GPU), which rejects the minister's approach. ALSO READ: Ramaphosa authorises SIU to investigate Ithala and its employees He revealed that he had written to Godongwana seeking clarity on the matter. 'I, together with my team at KZN Treasury, have always engaged in good faith with Minister Godongwana and the National Treasury on the inherited challenges pertaining to Ithala. 'We have complied with all requests for information. 'We have also supplied detailed information of the liquidity of the entity and preferred action plans to address the inherited challenges,' the MEC said in a statement on Friday. KZN Treasury seeking meeting with Godongwana to discuss Ithala Rodgers explained that the provincial Treasury had indicated its intention to secure a separate guarantee for safeguarding the accounts of Ithala retail depositors. This would involve appointing a private sector financial institution to enable depositors to access and trade on their accounts. He also raised concerns over the status of the depositors' accounts, claiming they had been 'illegally frozen' by the repayment administrator. READ MORE: KZN Treasury at loggerheads with Sarb over Ithala 'It is worth reiterating that Mr Godongwana's actions were never discussed with the GPU, but they have dire consequences for the provincial fiscus,' the statement further reads. Despite this, KZN Treasury affirmed Rodgers' willingness to engage in dialogue with Godongwana and other relevant parties to reach a resolution. 'It is disappointing to note that numerous attempts by MEC Rodgers to meet with Minister Godongwana on this matter have not been met with a response.' Ithala liquidation This latest move by Godongwana comes in the wake of the Prudential Authority's application to the KZN High Court in Pietermaritzburg for the provisional liquidation of Ithala Bank earlier this year. The authority claims Ithala was accepting deposits unlawfully. Repayment administrator Johan Kruger, appointed after Ithala's banking licence exemption lapsed in December 2023, declared the institution both technically and legally insolvent. Ithala had historically operated as a bank through several exemption notices issued under the Banks Act, despite never having been granted a formal banking licence. The Financial Sector Conduct Authority (FSCA) suspended Ithala's licence in August 2024 due to concerns over the institution's liquidity. The bank's liquidation could affect at least 257 000 clients. NOW READ: KZN government, Ithala Bank in a pickle as application removed from court roll
