Finweek English Edition - - In Brief -

Fi­nance min­is­ter Nh­lanhla Nene has re­vealed that more than half the coun­try’s mu­nic­i­pal man­agers and chief fi­nan­cial of­fi­cers (CFOs) do not have the min­i­mum com­pe­tency lev­els to do their jobs, in­clud­ing at large mu­nic­i­pal­i­ties such as Jo­han­nes­burg and Tsh­wane, re­ported Only 94 of 193 mu­nic­i­pal man­agers and 79 of 218 CFOs are prop­erly qual­i­fied. The re­port said Nene will is­sue new reg­u­la­tions giv­ing of­fi­cials 18 months from their date of ap­point­ment to ob­tain the rel­e­vant com­pe­tency lev­els. In about 40 mu­nic­i­pal­i­ties, the posts for both mu­nic­i­pal man­ager and CFO are va­cant, the pa­per re­ported.

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