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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Public Finance Management Act, No. 1 of 1999

Long title

To regulate financial management in the national government and provincial governments; to ensure that all revenue, expenditure, assets and liabilities of those governments [ [is] ] [ [are] ] managed efficiently and effectively; to provide for the responsibilities of persons entrusted with financial management in those governments; and to provide for matters connected therewith.

Table of contents
SECTION TITLE

ARRANGEMENT OF SECTIONS

CHAPTER 1. INTERPRETATION, OBJECT, APPLICATION AND AMENDMENT OF THIS ACT
1. Definitions
2. Object of this Act
3. Institutions to which this Act applies
4. Amendments to this Act

CHAPTER 2. NATIONAL TREASURY AND NATIONAL REVENUE FUND

Part 1. National Treasury
5. Establishment
6. Functions and powers
7. Banking, cash management and investment framework
8. Annual consolidated financial statements
9. Financial statistics and aggregations
10. Delegations by National Treasury

Part 2. National Revenue Fund
11. Control of National Revenue Fund
12. Deposits and withdrawals by South African Revenue Services in Revenue Funds
13. Deposits into National Revenue Fund
14. Withdrawal of exclusions
15. Withdrawals and investments from National Revenue Fund
16. Use of funds in emergency situations

CHAPTER 3. PROVINCIAL TREASURIES AND PROVINCIAL REVENUE FUNDS [...inserted by Act 1999_029_006]

Part 1. Provincial treasuries [...inserted by Act 1999_029_006]
17. Establishment [...inserted by Act 1999_029_006]
18. Functions and powers [...inserted by Act 1999_029_006]
19. Annual consolidated financial statements [...inserted by Act 1999_029_006]
20. Delegations by provincial treasuries [...inserted by Act 1999_029_006]

Part 2. Provincial Revenue Funds [...inserted by Act 1999_029_006]
21. Control of Provincial Revenue Fund [...inserted by Act 1999_029_006]
22. Deposits by provincial departments into Provincial Revenue Fund [...inserted by Act 1999_029_006]
23. Withdrawal of exclusions from Provincial Revenue Funds [...inserted by Act 1999_029_006]
24. Withdrawals from Provincial Revenue Funds [...inserted by Act 1999_029_006]
25. Use of funds in emergency situations [...inserted by Act 1999_029_006]

CHAPTER 4. NATIONAL AND PROVINCIAL BUDGETS [...Heading substituted by Act 1999_029_008]
26. Annual appropriations
27. National budgets
28. Multi-year budget projections
29. Expenditure before annual budget is passed
30. National adjustments budget
31. Provincial adjustments budgets [...inserted by s48(b) of Act 29 of 1999]
32. Publishing of reports on state of budget
33. Withholding of appropriated funds
34. Unauthorised expenditure
35. Unfunded mandates [...inserted by s48(c) of Act 29 of 1999]

CHAPTER 5. DEPARTMENTS AND CONSTITUTIONAL INSTITUTIONS

Part 1. Appointment of accounting officers
36. Accounting officers
37. Acting accounting officers

Part 2. Responsibilities of accounting officers
38. General responsibilities of accounting officers
39. Accounting officers' responsibilities relating to budgetary control
40. Accounting officers' reporting responsibilities
41. Information to be submitted by accounting officers
42. Accounting officers' responsibilities when assets and liabilities are transferred
43. Virement between main divisions within votes

Part 3. Other officials of departments and constitutional institutions
44. Assignment of powers and duties by accounting officers
45. Responsibilities of other officials

CHAPTER 6. PUBLIC ENTITIES

Part 1. Application of this Chapter
46. Application
47. Unlisted public entities
48. Classification of public entities

Part 2. Accounting authorities for public entities
49. Accounting authorities
50. Fiduciary duties of accounting authorities
51. General responsibilities of accounting authorities
52. Annual budget and corporate plan by Schedule 2 public entities and government business enterprises
53. Annual budgets by non-business Schedule 3 public entities
54. Information to be submitted by accounting authorities
55. Annual reports and financial statements

Part 3. Other officials of public entities
56. Assignment of powers and duties by accounting authorities
57. Responsibilities of other officials

Part 4. External auditors
58. [...repealed by Act 2004_025_053 - was entitled “Appointment of auditors”]
59. [...repealed by Act 2004_025_053 - was entitled “Discharge of auditors”]
60. [...repealed by Act 2004_025_053 - was entitled “Duties and powers of auditors”]
61. [...repealed by Act 2004_025_053 - was entitled “Reports of auditor”]
62. [...repealed by Act 2004_025_053 - was entitled “Duties and powers of Auditor-General”]

CHAPTER 7. EXECUTIVE AUTHORITIES
63. Financial responsibilities of executive authorities
64. Executive directives having financial implications
65. Tabling in legislatures

CHAPTER 8. LOANS, GUARANTEES AND OTHER COMMITMENTS

Part 1. General principles
66. Restrictions on borrowing, guarantees and other commitments
67. No provincial foreign commitments [...inserted by s48(d) of Act 29 of 1999]
68. Consequences of unauthorised transactions
69. Regulations on borrowing by public entities
70. Guarantees, indemnities and securities by Cabinet members

Part 2. Loans by national government
71. Purposes for which Minister may borrow money
72. Signing of loan agreements
73. Interest and repayments of loans to be direct charges
74. Repayment, conversion and consolidation of loans
75. Obligations from lien over securities

CHAPTER 9. GENERAL TREASURY MATTERS
76. Treasury regulations and instructions
77 Audit committees
78. Publishing of draft treasury regulations for public comment
79. Departures from treasury regulations, instructions or conditions
80. Determination of interest rates for debt owing to state

CHAPTER 10. FINANCIAL MISCONDUCT

Part 1. Disciplinary proceedings
81. Financial misconduct by officials in departments and constitutional institutions
82. Financial misconduct by treasury officials
83. Financial misconduct by accounting authorities and officials of public entities
84. Applicable legal regime for disciplinary proceedings
85. Regulations on financial misconduct procedures

Part 2. Criminal proceedings
86. Offences and penalties

CHAPTER 11. ACCOUNTING STANDARDS BOARD
87. Establishment
88. Composition
89. Functions of Board
90. Powers of Board
91. Regulations on accounting standards of Board

CHAPTER 12. MISCELLANEOUS
92. Exemptions
93. Transitional provisions
94. Repeal of legislation
95. Short title and commencement
Sch. 1. SCHEDULE 1. CONSTITUTIONAL INSTITUTIONS [s1]
Sch. 2.  SCHEDULE 2. MAJOR PUBLIC ENTITIES [s3; s6; s13; s14; s46; s47; s52; s54; s66; ]

Part A. National Public Entities

Part B. National Government Business Enterprises
Sch. 3.  SCHEDULE 3. OTHER PUBLIC ENTITIES [s3; s7; s13; s22; s46; s47; s48; s52; s53; s54; s55; s66; ]
Sch. 4.  SCHEDULE 4. EXCLUSIONS FROM REVENUE FUNDS (IN TERMS OF SECTION 13(1)(g))) [s13; s22] 
Sch. 5.  SCHEDULE 5. DIRECT CHARGES AGAINST NATIONAL REVENUE FUND [s15]
Sch. 6.  SCHEDULE 6. REPEAL OF LEGISLATION (SECTION 87) [s94] 

Legislation Text Access Point
Versions
[To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.]
NOTE: Act's Schedule 3 "Other Public Entities" has been updated by numerous Notices - see DOCLIST		 Access Official Gazette PDF  Request Subscription Fee Subscriber Access
As unamended Act 1999_001_000_19990302 EXT.LINK REQ.INFO LINK
As amended by Act 1999_029_000_19990430 N/A REQ.INFO LINK
As amended by Act 2000_032_000_20001120 N/A REQ.INFO LINK
As amended by Act 2003_028_000_20031031 N/A REQ.INFO LINK
As amended by Act 2004_025_000_20040110 N/A REQ.INFO LINK
As amended by Act 2007_005_000_20070627 N/A REQ.INFO LINK
As amended by Act 2007_033_000_20080108 N/A REQ.INFO LINK
As amended by Act 2007_034_000_20080108 N/A REQ.INFO LINK
As amended by Act 2007_030_000_20080117 N/A REQ.INFO LINK
As amended by Act 2009_010_000_20090421 N/A REQ.INFO LINK
As amended by Act 2013_012_000_20130724 N/A REQ.INFO LINK
As amended by Act 2009_010_000_20140901 (ie: as amended by Act 2014_034_000_20140901) N/A REQ.INFO LINK

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