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How does the maladministration and mismanagement of funds in the public sector affect ordinary south African citizens?
Maladministration and mismangement of funds in the public sector impact ordinary s.a citizens
What is the financial service sector?
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.These all are included in financial service sector.
What do you understand about PFMA?
The Public Finance Management Act (PFMA) is legislation in South Africa that governs how public funds should be managed and spent by government departments and entities. It sets out the rules and procedures for financial management, accountability, and transparency to ensure that public funds are used effectively and efficiently. Compliance with the PFMA is vital to prevent corruption and misuse of public funds.
What business are in the primary sector?
You're probably thinking of the "Public" and "Private" sectors. The Public sector is made up primarily of government jobs, like public school teachers, police officers, judges, etc. Private sector jobs are jobs that are not part of government branches, offices, etc. Private businesses can get public funds though.
Why the principles of management applicable in for profit organizations differ from non profitable organizations?
Generally there is no difference only when they come to financial policies there is a great difference. As profit organizations finance from there Income while non profit organizations take funds and donations.
What does it mean to be state funded?
A state-funded school is when the budget comes from public sector funds. This can be from the local education authority or from central government.
What are the most common types of investment fund by Brightbridge Wealth Management?
money-market funds balanced funds index funds pure bond funds bond/income funds tax-free bond funds junk/high-yield bond funds pure stock funds aggressive growth funds growth funds sector funds small cap stock funds mid cap, large cap international funds
What is the term used when a public sector business is bought by a private individual?
When a Public Sector Enterprise (majority share owned by government) is taken over by a private individual or private organization, it is called 'Divestment'. In fact, Private Companies do not 'buy out' public sector companies. They can do so only if a government decides to 'divest' its stake and raise some funds out of it. Generally, governments decide to divest if: a) It cannot run a business successfully, b) It needs to generate funds for other social causes.
What is virement in public fund management?
tranfer of funds from unspending expenditure to different part of the same expenditure line
Explain the role of financial intermediaries in the flow funds through the three sector economy?
In a three-sector economy consisting of business, households, and government, financial intermediaries such as commercial banks, mutual saving banks, insurance companies, mutual funds, pension funds, and credit unions provide the mechanism for reallocating funds from one surplus sector to a deficit sector. These institutions indirectly invest excess funds in areas of the economy where funds are needed.
What are specialized funds invested in certain industries?
Specialized funds that are invested in certain industries are mutual funds that focus on securities a specific sector of the economy or sector. They are a higher risk but can have higher rewards.
What will issue funds to the bases using automated funds management system?
NOT office of management and budget (OMB)
