Treasury swaps sanctions for stricter municipal oversight – Moonstone Information Refinery
2 Articles
2 Articles
Treasury swaps sanctions for stricter municipal oversight – Moonstone Information Refinery
Municipalities that deduct contributions from employees’ salaries but fail to pay them over to retirement funds could face criminal prosecution, Finance Minister Enoch Godongwana has warned, signalling that National Treasury is prepared to escalate its enforcement against persistent financial misconduct. Asked whether criminal charges were now on the table, Godongwana said the government had until now been “lenient” in pursuing that route but wa…
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