Finance minister Tito Mboweni has granted SA’s beleaguered municipalities and local government entities an exemption from legally prescribed deadlines to submit their financials for auditing, as a result of the national state of disaster and the coronavirus lockdown.

The exemption from certain requirements of the Municipal Finance Management Act (MFMA), gazetted on Wednesday, grants local governments a two-month delay to submit their annual financial statements, annual reports, audit opinions, and oversight reports to the auditor-general’s office. The reports would ordinarily have been due at the end of August...

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