AGSA Releases 2024-25 PFMA General Report

Posted 21 April 2026 Written by Acts Online
Category Public Finance Management Act

Brought to you by SA Accounting Academy: The Auditor-General of South Africa (AGSA) has published the 2024-25 Consolidated General Report on national and provincial audit outcomes.

In terms of the Public Finance Management Act, No. 1 of 1999 (PFMA), the AGSA has released the 2024-25 Consolidated General Report on National and Provincial departments, public entities, and legislatures. This report reflects the audit outcomes for the first year of the 7th administration, covering the financial year ended 31 December 2024 for technical and vocational education and training (TVET) colleges and 31 March 2025 for departments and other public entities.

The AGSA reported that only 151 out of 417 auditees achieved unqualified audit outcomes with no other matters, representing a lack of significant progress in financial management and service delivery. The cut-off date for the inclusion of audit outcomes in this consolidated report was 15 September 2025. Auditor-General Tsakani Maluleke emphasized that the pace of addressing institutional capability and governance weaknesses is too slow to ensure sustainable accountability.

Key Findings and Observations

  • Only 36% of auditees (151 of 417) achieved clean audits.
  • Audit outcomes for TVET colleges were based on the financial year ending 31 December 2024.
  • Outcomes for departments and public entities were based on the financial year ending 31 March 2025.
  • The report identifies persistent root causes of governance lapses and provides specific recommendations for institutional improvement.

Click here to download the PFMA 2024-25 Consolidated General Report.

Access the Media Release here and additional Excel-format annexures here.

What this means for you, your business, or your clients

  • For yourself: You must familiarize yourself with the specific governance lapses identified by the AGSA to ensure your professional advice aligns with the heightened scrutiny on institutional capability and accountability.
  • For your business: Firms providing internal audit, consulting, or accounting services to public entities must adjust their risk assessment frameworks to address the slow rate of improvement in PFMA compliance and financial management.
  • For your clients: Public sector clients and entities receiving state funding must implement the AGSA’s recommendations regarding governance and financial controls to avoid qualified audit outcomes and potential regulatory intervention.

Originally published at https://accountingacademy.co.za/news/read/agsa-2024-25-pfma-general-report

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