Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Kotak MF temporarily suspends 4 international funds – Business News
    • Vanguard Growth ETFs: Should You Invest in VONG or VUG?
    • How equity funds are positioned in a broader mutual fund investment journey
    • BlackRock says these bonds have attractive yields — and can help insulate from AI disruption
    • JPMorgan says 3 trends are quietly reshaping the $19.5 trillion ETF market. If you hold index funds or ETFs, here’s what’s coming
    • Bitcoin ETFs Pull $2B in April, Marking Highest Inflows of 2026
    • Who won money in Norfolk in the May 2026 Premium Bonds?
    • Premium Bonds May winners revealed: Who won the jackpot?
    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

    Over 750,000 child trust funds are unclaimed – here is how to track down yours

    April 29, 2026

    The Case for Avoiding Riskier Funds

    April 29, 2026

    FD vs mutual funds vs liquid funds: Where should you park short term money in current conditions?

    April 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    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

    May’s Premium Bonds millionaires come from Suffolk and Highlands & Islands 

    May 1, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Kotak MF temporarily suspends 4 international funds – Business News

    May 1, 2026

    Kotak Mutual Fund (MF) has temporarily suspended the subscription of its four international funds with…

    Vanguard Growth ETFs: Should You Invest in VONG or VUG?

    May 1, 2026

    How equity funds are positioned in a broader mutual fund investment journey

    May 1, 2026

    BlackRock says these bonds have attractive yields — and can help insulate from AI disruption

    May 1, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    HBM Healthcare Investments AG annonce ses résultats pour le troisième trimestre et les neuf mois clos le 31 décembre 2024 -Le 20 janvier 2025 à 19:04

    January 20, 2025

    PMS vs mutual funds: How have portfolio managers fared on returns?

    February 23, 2025

    Which investments can I hold in a stocks and shares ISA?

    April 25, 2025
    Our Picks

    Kotak MF temporarily suspends 4 international funds – Business News

    May 1, 2026

    Vanguard Growth ETFs: Should You Invest in VONG or VUG?

    May 1, 2026

    How equity funds are positioned in a broader mutual fund investment journey

    May 1, 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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