Key points from re­port

CityPress - - Voices and CAREERS -

In

1994, the ANC in­her­ited an ar­chaic and frag­mented sys­tem of pub­lic fi­nan­cial man­age­ment. Cru­cial fi­nan­cial doc­u­ments had not been main­tained. It took 18 months for the in­com­ing govern­ment to as­cer­tain how much debt Ban­tus­tan ad­min­is­tra­tions had ac­crued. Na­tional Trea­sury helped to ab­sorb apartheid’s splin­tered ad­min­is­tra­tions and es­tab­lish pro­vin­cial gov­ern­ments.

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