The Bill as introduced, included amendments to the Auditing Profession Act, 26 of 2005. It is disappointing that these couldn't be process and situation was explained.
However, we need to say that the need to strengthen the powers of the regulator for auditors, the Independent Regulatory Board for Auditors is critical.
This is especially so in light of recent, and grave, audit failures in both public and private institutions in South Africa. Now more than ever, we need to strengthen the governance of our private institutions.
The current Military Pensions Act, 84 of 1976, disregards the fact that the military service comprises of both men and women, who are in different types of relationships. This Bill fixes this, and ensures gender neutrality
We have consulted extensively in the Public Sector Bargaining Council on the Government Employees Pension law. We would like to thank our colleagues in the union