Johannesburg mayor Herman Mashaba has asked the South African Institute of Chartered Accountants (Saica) and the Independent Regulatory Board for Auditors (Irba) to help the city recover money owed to it by businesses. Mashaba said on Thursday that he had written to the two bodies to "raise serious concern with the number of businesses [which] are failing to pay their municipal accounts and who have disappeared from our database". "I have requested the intervention of Saica and Irba to ensure its members are aware of these challenges and to advance greater ethical practices when it comes to accounting and the auditing of businesses in Johannesburg." Mashaba said it was estimated that the city was losing between R7bn and R10bn in revenue a year as a result of municipal accounts that had been removed from the billing system. In February‚ the City of Johannesburg launched Operation Buya Mthetho‚ a multi-departmental operation aimed at enforcing by-laws and bringing back the rule of law...
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