GP education dept moves to train SGBs on financial literacy

Schools will be assisted with auditing, regulating spending and keeping asset registers.

FILE: The department launched a pilot project with the South African Institute of Charted Accountants. Picture: Reinart Toerien/EWN.

JOHANNESBURG - The Gauteng Education Department says despite financial literacy not being a requirement for membership on School Governing Bodies (SGB) it wants to equip SGB's with skills to properly run schools.

The department has launched a pilot project with the South African Institute of Charted Accountants to assist with financial management.

Schools will be assisted with auditing, regulating spending and keeping asset registers.

The intervention comes in light of recent fraud and corruption allegations against former SGB members at the Glenvista High School.

Over 50 chartered accountants will be placed at some Gauteng schools to provide basic tools for the management of financial affairs.

Education spokesperson Phumla Sekhonyane said, "Bodies such as Cica that are bringing a wealth of experience to train our members of SGBs. The criteria to be a member of the SGB is that your child should be a learner at that school so some don't have skills."