Public Finance Management Act 1 of 1999 & Regulations

 

Further Legislative Developments

  • Borrowing powers of Water Boards listed under Schedule 3 part B of the Act published (GN 634 in GG 41724 of 21 June 2018) (p4)
  • National Commissioner of the Department of Correctional Services: Financial delegation of powers, activities and duties in terms of the Act and the Treasury Regulations, 2005 published (GN 960 in GG 41913 of 21 September 2018) (p130)
  • Rate of interest on government loans in terms of s. 80 (1) (a) and (b) prescribed with effect from 1 January 2019 (GenN 817 in GG 42139 of 28 December 2018) (p33)
  • Exemptions:
    - of Zastrovect Investment (Proprietary) Limited from provisions of the Act for a 2-year period published (GN 667 in GG 41754 of 6 July 2018) (p124)
    - of South African National Road Agency Soc Ltd (SANRAL) from s. 55 (1) (b) of the Act and regulations made in terms thereof for the financial years 2018/2019 to 2020/21 inclusive published (GenN 231 in GG 42397 of 12 April 2019) (p4)
    - of Trans-Caledon Tunnel Authority (TCTA) from s. 55 (1) (b) of the Act and regulations made in terms thereof for the financial years 2018/2019 to 2022/23 inclusive published (GenN 232 in GG 42398 of 12 April 2019) (p4)
  • Schedule 3 amended (GN 693 in GG 42474 of 24 May 2019) (p46) 

Proposed Future Developments 

  • Draft Public Finance Management Amendment Bill, 2018, notice of intention to introduce private member's bill and explanatory summary published for comment (GenN 659 in GG 41999 of 25 October 2018) (p4)
  • Public Finance Amendment Bill, 2018 [B41-2018]

 

Contact: myjutapockets@juta.co.za