Bye Bye National Intervention Team Bye Bye NATIONAL Treasury has - TopicsExpress



          

Bye Bye National Intervention Team Bye Bye NATIONAL Treasury has decided to give back power to newly elected Limpopo premier Stanley Mathabatha to manage the five departments that were placed under its administration. Sowetan learnt yesterday that Finance Minister Pravin Gordhan is set to remove the intervention team after 19 months in the province. The team was deployed to the province in December 2011 to help manage the finances of health, education, transport, provincial treasury and public works after it was discovered that they were in tatters. The province had at the time accumulated unauthorised expenditure of R2.7-billion. There was also insufficient cash management. A government source told Sowetan that Mathabatha was satisfied with the work of the administrators in stabilising the finances of the province. “Premier Stanley Mathabatha has satisfied himself that the administrators had done a splendid job to bring the province’s finances to the required standard,” said the source. According to the source, the administrators may not be in the province for the next two months. Mathabatha ’ s spokesman Kenny Mathivha confirmed yesterday that the premier had had a meeting with the ministerial task team responsible for the implementation of the Section 100 intervention in the province. “Mathabatha was assured that the province will not return to the position it was in on December 5 2011 when the national Cabinet intervened in terms of Section 100 (1)(b) of the Constitution of the Republic of South Africa,” said Mathivha. He said, among others, the province now had proper cash flow management controls, dealt with unauthorised expenditure and had plans to fund the remainder over the Medium Term Expenditure Framework period, appropriated a surplus budget and also put measures in place to turn around the provincial treasury and capacitate it to do its oversight work. “The premier is confident now that the Section 100 intervention team has done its work of turning the province around,” he added. Mathivha also said the administrators had also ensured that all intervention recovery projects were sustainable. “All departments under administration have now included the recovery projects in their operational plans, which are monitored monthly, ” he said.
Posted on: Thu, 08 Aug 2013 02:13:09 +0000

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