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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Notices

Exemption from Act in terms of Section 92 - South African National Roads Agency Soc Ltd

Notice No. 241 of 2021

 

Notice No. 241

30 April 2021

GG 44508

 

National Treasury

 

In terms of section 92 of the Public Finance Management Act, 1999 (Act No. 1 of 1999), read with section 2(1) of the South African National Roads Agency Limited and National Roads Act, 1998 (Act No. 7 of 1999), I, Tito T Mboweni, Minister of Finance, hereby exempt the South African National Roads Agency Soc Ltd, established by section 2 of the South African National Roads Agency Limited and National Roads Act, from the provisions of the Public Finance Management Act, and regulations made in terms thereof, specified in the first column to the extent and for the period specified in the second and third column respectively.

 

Specified provision of Public Finance Management Act and regulations in terms thereof

Extent of exemption

Period of exemption

Section 55(1)(b)

To exempt SANRAL from using the Generally Recognised Accounting Practice (GRAP) as the reporting framework and to allow the continuance of the International Financial Reporting Standards (IFRS) reporting framework.

Financial years 2021/2022 and 2022/2023.

 

 

Tito T Mboweni

Minister of Finance