Special Investigating Units and Special Tribunals Act, 1996
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)NoticesBorrowing Powers of Water Boards listed under Schedule 3 Part B of the Act - Rand WaterNotice No. 710 of 2020 |
Notice No. 710
26 June 2020
GG 43474
National Treasury
I, TITO TITUS MBOWENI, MINISTER OF FINANCE, acting in terms of Section 66(3)(b) of the Public Finance Management Act, 1999 (Act No 1 of 1999), hereby authorise the accounting authority of Rand Water to issue bank guarantees up to the limits as stipulated below:
|
RAND WATER |
|
|
FINANCIAL YEAR |
BANK GUARANTEE AMOUNT |
|
Ending 30 June 2020 Ending 30 June 2021 |
R91.2 million R91.2 million |
The bank guarantee amount above reflects the maximum bank guarantees Rand Water may source in favour of Eskom in relation to the Electricity Supply Agreement between the two parties. The cumulative amount of the bank guarantee should not in any of the 2 financial years exceed R91.2 million.
TT Mboweni, MP
Minister of Finance
Date: 28/05/2020
