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

Notices

Exemption in terms of Section 92 - Transnet SOC Ltd

Notice No. 941 of 2022

 

Notice No. 941

31 March 2022

GG 46157

National Treasury

 

In terms of Section 92 of the Public Finance Management Act, 1999 (Act No. 1 of 1999 – the Act) I, Enoch Godongwana, Minister of Finance, hereby exempt Transnet SOC Ltd from the provisions of the Act, and the regulations made in terms thereof, specified in the first column of the table below to the extent and for the period specified in the second and third columns of the table below, respectively.

 

 

Schedule

 

Specified provision of Public Finance Management Act and regulations

Extent of exemption

Period of exemption

Section 55(2)(b)(i), (ii) and (iii) of the Act and Treasury Regulation 28.2.1 made in terms of section 76 of the Act

Recording of any losses from criminal conduct, any irregular, fruitless and wasteful expenditure and any losses recovered or written off in the annual report

Financial years 2021/22, 2022/23 and 2023/24

 

 

Enoch Godongwana

Minister of Finance