One South African municipality uses iron sticks to manage its finances

• Masilonyana Local Municipality has kept track of financial receipts on iron sticks for 10 years without providing evidentiary documents to the Auditor General.
• The municipality's poor bookkeeping and lack of financial controls have enabled wasteful expenditure and corruption, despite repeated findings by the Auditor General.
• MP George Michalakis is leading efforts to criminally investigate the municipality's management, which has resulted in hundreds of millions of rands in lost taxpayer funds.