Minister Rob Davies has attributed the Department of Trade and Industry’s clean audit to good governance and a clean administration geared at improving service delivery.
“The clean audit is an indication that the department is committed to good governance and clean administration that will lead to better service delivery to the department’s stakeholders, investors and aspiring entrepreneurs,” said Davies on Thursday.
The Auditor General gave the dti a clean audit report for the 2017/18 financial year for both the department and most of its agencies.
The department’s percentage of clean audits rose from 60% in the 2016/17 financial year to 78% in the 2017/18 financial year.
Davies attributed the clean audit to compliance with relevant laws and regulations, leading by example, ethical leadership, accurate reporting and no wasteful expenditure.
The National Consumer Commission, which is an agency of the dti, gained a spot in the clean audit ranking list.
Other agencies including the Companies Tribunal, National Consumer Tribunal, National Gambling Board, National Credit Regulator (NCR) and the Companies and Intellectual Property Commission (CIPC) also obtained clean audit statuses.
“The dti also achieved zero irregular expenditure in respect of SCM [supply chain management] laws and regulations as well as no fruitless and wasteful expenditure in the past two financial years. The dti continues to lead on the ‘30 days’ payment front by paying all creditors on time,” said Davies.
In the 2017/18 financial year, the dti approved financial support for 848 enterprises or projects under its incentive programmes, which resulted in existing jobs being retained and more jobs being created.
The department’s flagship Black Industrialists Programme has supported 50 black industrialists in the current financial year, bringing the cumulative number in excess of 100, exceeding the set target.
As part of government’s investment climate reform, the dti has rolled out One Stop Shops to three provinces, providing an investment facilitation service to fast track, unblock and reduce red tape in government for all investors.
“These achievements represent the culmination of years of continuous improvement, requiring diligence and commitment from every staff member within the dti,” Davies said.