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

Regulations

Treasury Regulations for Departments, Constitutional Institutions and Public Entities

Part 9 : Public entities

30. Strategic planning

 

30.1 Strategic plan

 

30.1.1 The accounting authority for a public entity listed in Schedule 3A or 3C must annually submit a proposed strategic plan for approval by the relevant executive authority. Such a plan must be submitted at least six months before the start of the financial year of the designated department or another time period as agreed to between the executive authority and the public entity.

 

30.1.2 The strategic plan must be finalised and submitted to the relevant executive authority no later than 1 April of each year.

 

30.1.3 The strategic plan must—
(a) cover a period of three years;
(b) include objectives and outcomes as identified by the executive authority;
(c) include multi-year projections of revenue and expenditure;
(d) include key performance measures and indicators for assessing the public entity’s performance in delivering the desired outcomes and objectives;
(e) include the materiality/significant framework, referred to in Treasury Regulation 28.3.1;
(f) be updated annually on a rolling basis; and
(g) form the basis for the annual reports of accounting authorities in terms of section 55 of the Act.

 

30.1.4 The executive authority may request additional information to be included in the strategic plan.

 

30.2 Evaluation of performance

 

30.2.1 The accounting authority of a public entity must establish procedures for quarterly reporting to the executive authority in order to facilitate effective performance monitoring, evaluation and corrective action.