Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • REIT Mutual Funds: How They Generate Income, Benefits and Risks
    • AMFI Data March 2026: Net Equity Mutual Fund Inflows Surge 55% To Rs 40,366 Crore; AUM Falls | Markets News
    • ‘Mutual Funds Sahi Hai’ In Action! Flexi Caps Top Inflows, SIPs Hit Record High, Reveals AMFI March Data
    • Everyone’s Buying ETFs: Here’s What Retirement Savers Should Watch Out For
    • 3 Dividend ETFs with 25% Upside Over the Next Year, According to Wall Street Analysts
    • From Mutual Funds to Direct Equity: 5 Ways for Indian Investors to Go Global in 2026
    • The Success Story of Property Expert Colin Horan
    • Equity mutual fund inflows jump 55% in March; AUM falls on market correction
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Macpherson clears Matjhabeng municipality of EPWP funds misuse
    Funds

    Macpherson clears Matjhabeng municipality of EPWP funds misuse

    August 17, 2025


    Public works and infrastructure minister Dean Macpherson has determined that Matjhabeng Local Municipality properly used Expanded Public Works Programme (EPWP) funds for 2023/24 and 2024/25 on approved projects. 

    Macpherson has directed that withheld EPWP funds be released so projects can continue, while stressing that the municipality must account for its decision to establish the support unit.

    He released the findings of the department’s investigation into allegations that the EPWP in Matjhabeng was used to fund inflated salaries for former councillors and sitting political office bearers. 

    This is after he suspended EPWP transfers to the municipality pending an investigation in July after a City Press investigation found that salaries exceeding R31,000 a month were paid to these officials, more than ten times the average EPWP stipend.

    “When I first learnt of the allegations, I moved speedily to ensure that public funds are protected and that an investigation be conducted as soon as possible. I therefore commend departmental officials for conducting the investigation within three weeks, which found that all EPWP funds transferred to Matjhabeng are accounted for, and that grant money was used strictly for its intended purpose — creating work opportunities for unemployed South Africans. As the department of public works & infrastructure, we will continue to ensure good governance and accountability,” Macpherson said.

    He said the officials highlighted in media reports are not EPWP participants and are not paid from the EPWP integrated grant. 

    While these officials’ salaries are significantly higher than the EPWP stipend, their contracts are municipal appointments linked to the executive mayor’s term and fall outside the EPWP framework.

    Macpherson said the investigation established that all EPWP integrated grant allocations for the 2023/24 and 2024/25 financial years were fully spent on approved projects, creating 373 and 751 work opportunities, respectively. 

    “Expenditure patterns reported by the municipality correlated with proof of payment to participants,” he said.

    Macpherson said the municipality has to answer itself on the merits of establishing an EPWP support unit using funding from the municipality’s budget.

    “As we work to reform the EPWP programme towards becoming more transparent, a skills-transfer and a hand-up to permanent employment, the integrity of the programme is paramount. Where allegations arise, we will investigate these speedily and provide feedback to the public as we have done in this case. This will ensure that a culture of transparency is built within the programme to keep officials accountable for how funds are distributed. Through this action, we are building a better department which will help us build a better South Africa,” he said.

    TimesLIVE





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Funds to buy in turbulent times

    April 10, 2026

    Debt funds see ₹2.94 lakh crore outflows in March amid year-end liquidity shift

    April 10, 2026

    Irish hedge funds too small to pose a risk, Central Bank finds

    April 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Everyone’s Buying ETFs: Here’s What Retirement Savers Should Watch Out For

    April 10, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    REIT Mutual Funds: How They Generate Income, Benefits and Risks

    April 10, 2026

    REIT mutual funds can provide income through dividend distributions while also offering potential long-term growth…

    AMFI Data March 2026: Net Equity Mutual Fund Inflows Surge 55% To Rs 40,366 Crore; AUM Falls | Markets News

    April 10, 2026

    ‘Mutual Funds Sahi Hai’ In Action! Flexi Caps Top Inflows, SIPs Hit Record High, Reveals AMFI March Data

    April 10, 2026

    Everyone’s Buying ETFs: Here’s What Retirement Savers Should Watch Out For

    April 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Octopus Investments cuts one fifth of workforce amid AI-driven overhaul

    March 27, 2026

    Premium for Indian silver ETFs surges on global physical shortage

    October 10, 2025

    Indonesian bonds seen extending rally on rate-cut expectations

    October 29, 2025
    Our Picks

    REIT Mutual Funds: How They Generate Income, Benefits and Risks

    April 10, 2026

    AMFI Data March 2026: Net Equity Mutual Fund Inflows Surge 55% To Rs 40,366 Crore; AUM Falls | Markets News

    April 10, 2026

    ‘Mutual Funds Sahi Hai’ In Action! Flexi Caps Top Inflows, SIPs Hit Record High, Reveals AMFI March Data

    April 10, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.