Armscor gets unqualified audit from Auditor-General
The Armaments Corporation of South Africa, much better known as Armscor, reported on Thursday that it had been awarded an unqualified audit by the Auditor-General of South Africa. Armscor is the acquisition agency for the country’s Department of Defence.
The audit was for the year ending March 31, 2021. This successful outcome was credited by Armscor CEO Advocate Solomzi Mbada to corporate governance processes that were “impeccable”.
“I particularly want to thank the board, executive management and all employees for their contribution and dedication towards the success of the Corporation and on the ethos that is evident at all levels of the business operations,” he said. “This clean audit success would not [have] been achieved during the reporting period without their valuable contribution.”
This was the latest in a series of years during which the agency had been awarded a clean audit. It was one of only a few State entities to receive a clean audit for the period concerned.
During the year ending March 31 this year, Armscor had reached and, in some cases, exceeded the targets it had set in its annual corporate plan. This was despite having to rely on older information technology (IT) systems, which reduced its efficiency. The agency was currently implementing various IT upgrade programmes to mitigate these problems.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation