The Ingonyama Trust Financial Reporting – Implications for Accountability

On 9 April 2024, LARC launched a report titled The Ingonyama Trust: Financial Reporting - Implications for Accountability.  The Research Report explores how shifts in the criteria and categories used by the Ingonyama Trust in its financial reporting to Parliament over the past nine years have had far-reaching consequences for beneficiaries of the Trust, and how changes have negatively impacted the extent to which the Trust and its Board have been held accountable. Some of these changes have been queried by the Parliamentary Portfolio Committee on Agriculture, Land Reform and Rural Development, but others appear to have gone unremarked. This careful report examines the record of changes in financial reporting, the Board’s arguments for these changes and the difficulty that those in legally mandated oversight structures have had in obtaining the information necessary for proper oversight. The report argues that only by examining the premises for the changes that have been made, and by reviewing, understanding, and addressing the cumulative impact of these incremental changes, can the operation of the Ingonyama Trust and its administrative board, the Ingonyama Trust Board, be properly assessed and monitored, and any problems identified be corrected. The report concludes with significant and far-reaching recommendations for action that should be taken by key actors who have a part to play in ensuring that the interests of the Ingonyama Trust beneficiaries are properly served.  

DOWNLOAD a copy of the report here.