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                                                              Press Release


To: News Editors


From: City of Johannesburg


                     Joburg auditors are world class!


City  of  Johannesburg Director of Internal Audit Greg Hollyman is the best
Internal Auditor in the World!


And  his  peers  agree.  Hollyman  last  week  was awarded the Institute of
Internal Auditors of South Africa's (IIASA) prestigious Internal Auditor of
the  Year  Award. The award made him the first person in the public service
to receive the honour.


Congratulating  him  today,  City Manager Pascal Moloi said he was proud to
see  that  city  officials were daily actualising the vision of the City of
being a world Class African City.


"Greg  and  his  department made Johannesburg the first institution to have
its  internal  audit  function  undergo  an  International Internal Audit's
Quality  Assurance  Review  in  both the private and public sector in South
Africa  and  only  the third local government in the world outside the USA.
This is the highest possible rating in the practice of internal auditing.


"These achievements are a guarantee to the people of Johannesburg, that the
City   is   serious   about   service  delivery  excellence  and  efficient
governance",  said  Moloi,  adding  that  Hollyman achieved all this whilst
faced with the budgetary constraints typical in public service.


A week before Hollyman walked to the podium last Monday to claim his prize,
23  revenue  department  officials  were  suspended  on  suspicion of fraud
involving  shady  journal  entries.  The latest suspensions, a product of a
regular  internal  audit  by  his team brings to 69 the number of officials
suspended since last year and accounts for several millions of Rands in the
potential loss of revenue for the City.


Hollyman, 33, was today quick to point out that his department was involved
in more than running after the bad guys: "We are here to identify high risk
areas  and  to put in place appropriate audit systems that will ensure that
we  manage  our  risks  better and in the process save money for the people
Johannesburg," he said.


Only  18  months with the City, he has made significant improvements in the
Internal Audit Department. The previously segmented department comprised of
6  different  entities  but has now been streamlined into a single division
with  three  sections  dealing  with  internal audit, computer and forensic
audit.


Hollyman,  who  described  his  brief  as "to transform the city's internal
audit function into a world class internal audit function," left a job that
could  see  him  as  a  partner  in leading company so that "I could make a
difference in the lives of the people of Johannesburg".


ENDS


For more information please contact:


Mbangwa Xaba
Media Liaison
Tel: 407 7226
Fax: 403 3494
082 467 9230