scholarly journals The Role of the Auditor-General in the Promotion of Efficient Financial Management in Municipalities: A Case Study of the North West Province

2020 ◽  
Author(s):  
Gaopalelwe Mathiba
Keyword(s):  
Financial Management ◽  
North West ◽  
The North ◽  
North West Province ◽  
Auditor General

scholarly journals Consumer indebtedness of public servants in South Africa: Evidence from the department of health in the North West province

2014 ◽  
Vol 11 (4) ◽  
pp. 258-276
Author(s):  
Lesolobe Moaisi ◽  
Sam Ngwenya
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Primary Objective ◽  
Consumer Debt ◽  
Public Servants ◽  
North West ◽  
The North ◽  
Department Of Health ◽  
North West Province ◽  
Income Ratio

The primary objective of this study was to determine the consumer debt level of public servants in the Department of Health in the North West Province, South Africa. The results of the study indicate that most public servants rely almost entirely on the public service remuneration to survive and for debt repayment. The results of the survey also indicate that 96% of public servants in the Department of Health in the North West Province are over-indebted. The respondents also perceived their income to be insufficient and thus resort to credit to maintain their required standard of living. The results also indicate that 63% of the respondents have a debt-income ratio above 20%. The reason for falling into debt is mostly due to lack of funds and insufficient income. The most common types of consumer debt found among the respondents included store cards (26%), followed by personal debt from banks (18%), while vehicle loan debt (37%) consumed the highest rand value of total debt among respondents. Personal loans from banks (21%) comprised the second highest debt value incurred by the respondents. It could be argued therefore that most public servants are over-indebted and could be trapped in a debt cycle if no additional income is provided or if they do not embark on some kind of personal financial management education

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