An assessment of the financial management in Naledi Local Municipality

Abstract

It is important to bear in mind that local government in South Africa has contributed much to the achievement of a number of significant social and economic development advances since the introduction of a new democratic municipal dispensation in December 2000. Financial deliberations have been a primary source throughout different stages of local government transition. The intent of this research was to assess the financial administration and management in Naledi Local Municipality. During the investigation, an attempt was to investigate the finance management and administration systems in place, assess the level of compliance with the MFMA and other legislative authorities, the skills and the capacities the municipality has, and the assistance provided by the necessary treasury offices to the municipality. There were a total of 43 respondents who participated in the research and only 40 of them answered the questionnaires. The population consisted of Accounting Officer (Municipal Manager); Chief Financial Officer; Deputy Financial Office; Budget and Treasury Officers; All section 57 Managers; and Other relevant municipal officials including councillors. The researcher conducted the study in a quantitative perspective, and the data collected from the respondents, through questionnaires, was used as an analysis to this study.