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Cooperative Governance, Human Settlements and Traditional Affairs Recognised Again for Outstanding Performance during the Saiga Annual Public Sector Reporting Awards
Source: allAfrica.com
Source Date: Wednesday, October 05, 2011
Focus: Institution and HR Management
Country: South Africa
Created: Oct 05, 2011

The full list of 2011 winners for the financial reporting year ended 31 March 2010 and on the list the department of Cooperative Governance, Human Settlements and Traditional Affairs has been ranked the only one in the province, and according to the financial report, it has scored a minimum of 91.25% with an average of 83.87% and on the top of the winning list being the Department of Agriculture (Western Cape) with 96.55% score and an overall average of 87.44%.

The awards for pursuit of Excellence in Department Annual Reports, according to SAIGA, are a significant initiative and must be seen against the background of the promulgation of the Public Finance Management Act (PFMA) and related legislation such as treasury Regulations. Along with the awarded certificate, a trophy in the form of a pyramid was also awarded.

The Shape (pyramid) is to be symbolising the departments' upward pursuit of excellence; it also encloses the concept of three points, drawing a parallel to the so-called three Es (effectiveness, efficiency and economy). The chosen material for the trophy is in a form of glass, a symbol of the PFMA concept that underlies the reporting function. The overlying pyramids of glass indicate that more than one report is produced to make up the financial statements.


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