Academic literature on the topic 'South Africa. Public Finance Management Act'
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Journal articles on the topic "South Africa. Public Finance Management Act"
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Fourie, D. J. "The public finance management act as a reform measure to capacitate public officials." South African Journal of Economic and Management Sciences 5, no. 1 (March 31, 2002): 219–32. http://dx.doi.org/10.4102/sajems.v5i1.2672.
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The urgent need to develop South Africa's human resources in the public service has been conceptualized in many policy documents. The underlying objective of efforts to strengthen the human resources in the public sector, is the delivery of effective services to the people of South Africa. In line with the White Paper on the Transformation of the Public Service, 1995, the effective mobilization, development and utilization of human resources are stressed as important factors in the transformation of the public service because of their contribution to individual and institutional capacity to ensure effective governance. Financial resources are important in order to develop and sustain the skills of the public servants; however, there is a tendency to cut the budget for human resource development programmes. Alternative methods should be developed to obtain additional sources of income.
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Luyinda, Richard, Marlien Herselman, and Gerrit Botha. "IT Control Objectives for Implementing the Public Finance Management Act in South Africa." Issues in Informing Science and Information Technology 5 (2008): 029–49. http://dx.doi.org/10.28945/993.
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Roos, Mariaan. "Governance and Public Sector Transformation in South Africa: Reporting and Providing Assurance on Service Delivery Information." Africa’s Public Service Delivery and Performance Review 1, no. 3 (December 1, 2012): 4. http://dx.doi.org/10.4102/apsdpr.v1i3.33.
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Reporting on performance was legislatively established in South Africa in terms of the Public Finance Management Act, Act 1 of 1999, section 40 (3)(a). The auditing of the reported information was legislated in the Public Audit Act, Act 25 of 2004, section 20(2) (c). The objectives of the article are firstly to provide an overview of the development and application of the reporting and secondly providing assurance on service delivery information and thirdly to reflect on challenges to the implementation thereof in South Africa. The aim through deploying these set objectives is to formulate possible future considerations for improved governance. As central part of the methodology, review of literature on reporting and audit of non-financialwas conducted. The research included scrutiny of the different philosophies and approaches adopted by different countries to the reporting and providing assurance on service delivery information. In this respect, the research reflects a comparative element. In South Africa the Auditor-General adopted a phasing-in approach. The development of the audit approach and audit procedures has reached a stable stage, nine years after the initial process started. The audit of performance information now forms an integral part of the regularity audit process. The analysis of audit findings of the period under study indicates a considerable improvement once initiated, but stagnation persists in subsequent years. Numerous challenges remain around the application of performance reporting in South Africa including non-compliance, the lack of sufficient and appropriate audit evidence, inconsistencies between the various strategic documents and the need to improve the usefulness of performance information. In conclusion the article proposes some steps to address the challenges.
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Nzewi, Ogochukwu, and Prosper Musokeru. "A Critical Review of the Oversight Role of the Office of the Auditor-General in Financial Accountability." Africa’s Public Service Delivery and Performance Review 2, no. 1 (March 1, 2014): 36. http://dx.doi.org/10.4102/apsdpr.v2i1.42.
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Accountability is the very essence of the Constitution of the Republic of South Africa (Act No. 108 of 1996). In this regard, the Auditor-General of South Africa (AGSA) as the supreme audit institution of the Republic of South Africa plays an important oversight role of promoting financial accountability in government. The purpose of this article is to examine the challenges facing the office of the Auditor-General in executing its oversight role of promoting financial accountability in the sphere of provincial government. Information and sources for this article was gathered through literature review. The article gives some background on the establishment and rationale of Supreme Audit Institutions (SAI). It explores some policy framework that informs public finance management in the Republic of South Africa, establishing the role of the AGSA within this purview. Based on the data gathered through literature review, the key challenges facing the office of the Auditor-General are discussed. Finally, possible solutions are recommended to the challenges that were identified.
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Brauns, Melody, and David Mdlazi. "Ethics, codes of conduct, morals and professionalism as a bulwark against corruption and unethical conduct in the public sector: A case of South Africa." Risk Governance and Control: Financial Markets and Institutions 5, no. 4 (2015): 207–12. http://dx.doi.org/10.22495/rgcv5i4c1art9.
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This paper endeavours to critically examine ethics in South Africa especially after the first democratic elections and later developments. Such an analysis will inevitably overspill to the quality of service delivery and participation. As such there is a need for ethics to be re-examined and investigate how this may be used to improve efficiency and effectiveness in the South African government service. Much has been written on ethics and their relevance to the public sector organisations. Indeed they are critical for service delivery for both sectors namely, private and public sectors. This paper will trace the origins and development of ethics and their relationship with other associated terms such as morals, codes of conduct and relate same to the guidelines emanating from the South African Constitution Act (Act 108 of 1996). Once this objective has been achieved the position of ethics to our daily lives from individual and citizenship perspective will be explored. By such investigation it is envisaged to reposition ethics to our working environment as a vehicle that supports and fuels accelerated quality decision-making and service delivery. In that way it will be possible to locate the area of responsibility and accountability in the public sector. One will also examine the power-authority-responsibility triangle relative to ethics, ethical conduct, codes of conduct, and professionalism and indicate how these can be effectively applied to address issues of violation of human right through fundamental deprivation of critical services and products.
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Dzomira, Shewangu. "Financial accountability & governance in an emerging country." Corporate Ownership and Control 14, no. 3 (2017): 204–8. http://dx.doi.org/10.22495/cocv14i3c1art6.
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In the public sector the agents have the responsibility of being accountable to the exploitation of the resources towards service delivery. The public sector expenditure has been characterised with wasteful and fruitless, irregular and unauthorised expenditures. Therefore governance embraces the engagements set to certify that the anticipated upshots for stakeholders (citizens) are limpid and realized. This study is grounded on agency theory as it seeks out to analyse public expenditure and governance in South Africa’s public sector. The research study followed a qualitative research approach based on an interpretative philosophy which examined meaningful and symbolic content of qualitative data from 24 General Reports on The Provincial Audit Outcomes for the three periods (2012-2013; 2013-2014 and 2014-2015). The research results propose that public sector financial governance in South Africa is pitiable as the public agencies perpetrate an act of financial misdemeanour as they continue to errantly make irregular expenditures, unauthorised expenditures and, fruitless and wasteful expenditures. Public finance management reform is a necessity as it can aid governments move to single accounting systems across the public sector, permitting centralised planning and budgeting, as well as the capacity to observe the expenditure of funds centrally. It is recommended that governments should implement integrated financial management systems which allows for integrated budgeting, financial management, procurement and supply chain management.
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Marimuthu, Ferina. "Government assistance to state-owned enterprises: a hindrance to financial performance." Investment Management and Financial Innovations 17, no. 2 (May 15, 2020): 40–50. http://dx.doi.org/10.21511/imfi.17(2).2020.04.
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This study aimed to examine whether government financial assistance influences the financial performance of state-owned enterprises. Commercial state-owned enterprises in South Africa that are listed under the Public Financial Management Act during the post-apartheid era from 1995 to 2017 were sampled. Government guarantees were measured as a dummy variable, while financial performance was measured by accounting measure: return on assets (ROA). Endogeneity issues were addressed, and data analysis was performed on an unbalanced panel using the two-step system GMM. The empirical evidence indicated that support by the government in the form of guarantees and subsidies has a significant negative effect on the financial performance of state-owned enterprises. This is an indication that continued government bailouts to poor performing state-owned enterprises exacerbates their poor financial performance and encourages these enterprises to become too reliant on government assistance, burdening the national fiscus. AcknowledgmentsThe author gratefully acknowledges the National Research Foundation of South Africa for the research grant and Dr Farai Kwenda for his supervision during the study.
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Mditshwa, Siviwe, and Rozenda Hendrickse. "Coega and East London industrial development zones (IDZs): the financial and socio-economic impact of the Eastern Cape IDZs and their prospects." Public and Municipal Finance 6, no. 3 (November 14, 2017): 7–16. http://dx.doi.org/10.21511/pmf.06(3).2017.01.
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The aim of this article was to assess the financial and socio-economic impact of the two Industrial Development Zones (IDZs) emanating from the public-private partnerships (PPPs) arrangement in the Buffalo City and Nelson Mandela Metropolitan Municipalities, located in the Eastern Cape of South Africa. The metropolitan municipalities, despite the introduction of PPPs, are still faced with serious socio-economic challenges such as slow economic growth, increased poverty levels, unemployment and mostly stagnant infrastructure development as a result of underfunding. In addition, metropolitan municipalities remain obliged to deliver on their constitutional mandate, which is the provision of services to communities consistent with the Municipal Financed Management Act (MFMA) and Municipal Systems Act (MSA). Municipal financial planning and management leads to the development of methods to achieve sound financial performance in municipalities in line with service delivery demands. Sound municipal financial performance enables the municipalities to provide goods and services to all citizens. The study adopted a quantitative research approach, where a structured questionnaire was administered to 50 purposely selected participants. A core finding of the study suggested that the metropolitan municipalities benefited from the IDZs PPP arrangements where project planning, development and management skills were transferred to government officials, impacting on improved service delivery. A key recommendation forwarded suggests that both the national government and metropolitan municipalities need to champion PPP procurement through the enhancement of the Municipal Public Private Partnership Implementation Framework. The study concluded that a regulation, such as the aforementioned, without a structured implementation plan, eminently jeopardizes an investor’s interest in PPP arrangements, with negative financial consequences for the state.
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Molefe, Karabo, Natanya Meyer, and Jacques De Jongh. "A Comparative Analysis of the Socio-Economic Challenges Faced by SMMEs: The Case of the Emfuleni and Midvaal Local Municipal Areas." Journal of Economics and Behavioral Studies 10, no. 4(J) (September 14, 2018): 7–21. http://dx.doi.org/10.22610/jebs.v10i4(j).2401.
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Flourishing and thriving small, medium and micro enterprise (SMME) sectors have become one of the leading recognised cornerstones of economic development. The ability of these businesses to act as key drivers of economic growth, innovation and job creation make them valuable assets towards any nation’s strive for a more inclusive economic and social outlook. For South Africa in particular, burdened by an epidemic of unemployment, poverty and income inequality, SMMEs role in improving the socio-economic environment proves pivotal. Yet, despite their potential, these businesses face a myriad of challenges, emanating from both internal and external environments, that restricts their growth and development. The primary aim of this study is to identify and compare the main socio-economic challenges faced by SMMEs in two local areas within the Vaal Triangle region. The study made use of a quantitative research approach and a cross-sectional research design through means of the survey method. The sample consisted of a total of 198 SMME owners that resided in both the Emfuleni (ELM) (n = 100) and Midvaal (MLM) (n = 98) local municipal areas. Data analysis involved the use of descriptive statistics, cross tabulations and chi-square tests. Overall the results of the study revealed that amongst the biggest challenges faced by SMMEs included managerial as well as economic aspects such as a lack of skilled labour, insufficient business training and lacklustre local economic conditions. The comparative analysis further revealed more significant infrastructural challenges in the Emfuleni local municipal area while market challenges such as a lack of demand as well as higher transportation costs were experienced by SMMEs located in the Midvaal area. The findings of the study provide valuable insight towards fostering an enabling environment for SMME development, specifically on local levels. In this regard policy stakeholders should adopt a multi-sectoral SMME focus. Possible recommendations include enhanced macroeconomic stability, strong public-private partnership formation and the provision of strong business support structures that facilitate management skills development together with the provision of strategic finance facilities.
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Utembe, Wells. "Regulatory Control and Management of Public Health Pesticides in South Africa." Outlooks on Pest Management 30, no. 6 (December 1, 2019): 254–57. http://dx.doi.org/10.1564/v30_dec_05.
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Pesticides used in residential settings may have harmful health effects. There are reports about pesticide poisoning in South Africa, especially among children under the age of five years. The Department of Agriculture, Forestry and Fisheries and the Department of Health use the Fertilizers, Farm Feeds, Agricultural Remedies and Stock Remedies Act (Act No. 36) to ensure that pesticides are only registered after a rigorous science-based risk assessment. The Act 36 was designed primarily for agricultural pesticides. Therefore, guidelines have recently been developed to facilitate registration of PHPs. However, these guidelines do not provide guidance on acceptable methods for estimating residential exposures. Furthermore, inadequate monitoring and regulation of pesticides have resulted in the use of highly toxic pesticides in residential and commercial settings. Responsible government agencies and independent poisoning information centres (PICs) appear to lack the capacity routinely to report and investigate all pesticide-poisoning incidents adequately and comprehensively. Therefore, there is need to strengthen the capacity of responsible agencies as well as to conduct a revision of Act 36 in order to address critical gaps with regards to the registration, monitoring and surveillance of PHPs.
Dissertations / Theses on the topic "South Africa. Public Finance Management Act"
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John, Simon. "Administration of the Public Finance Management Act 1999 in the North West Provincial Administration in South Africa." Thesis, University of Pretoria, 2016. http://hdl.handle.net/2263/60496.
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In South Africa, the Public Finance Management Act, 1999 (Act No. 1 of 1999) is a piece of
legislation that is flexible and adaptable compared to the repealed Exchequer Act (Act No. 66
of 1975), which was prescriptive and rule driven. The administration of finance in the public
sector involves numerous challenges such as the lack of adequate capacity, integrity of
personnel and unqualified personnel. Solutions are sought simultaneously for prospects to
achieve value for money through economy, efficiency and effectiveness. Those who manage
public affairs and public finance are subject to public scrutiny. Transparency, accountability
and honesty as well as prudence in the management and administration of public finance are
imperative.
The problem statement is divided into the following research questions:
What is the PFMA (Public Finance Management Act) and how is it administered? How is the
PFMA administered in the North West Provincial Administration? In order to research the
above-mentioned problem and sub-problem, the following objectives were formulated: Determine from the literature the nature and scope of the PFMA and its administration;
establish the reason for the introduction of PFMA in South Africa; and determine the
administration of the PFMA in the North West provincial administration.
In implementing policy, the following elements were considered: The availability of trained
personnel, administrative arrangements to implement policy, material resources required for
proper implementation, procedures and directives for effective implementation, role of auditing
staff, and both internal and external, role of independent institutions such as the Public Service
Commission, Provincial Public Accounts Committee and the Auditor-General (AG).
The managerial control and fiduciary duties by the structures in government departments will
have to be enhanced in order to ensure that financial management is aligned with the PFMA.
Policy implementation requires the necessary tools, techniques, procedures, shared vision,
strategy, structure, systems, skills and staff. The study critically determines and establishes
various challenges experienced while managing finances through the administration of the
PFMA.
From the data gathered, analysis and interpretations were derived to arrive at the findings,
interpretations, inferences and recommendations. There is evidence of financial
qualifications in the audit opinion, shortcomings in various departments, capacity constraints,
and a lack of a clear trail of supporting documentation, ineffective leadership, supervision,
monitoring and support. Appropriate recommendations are provided to remedy the situation.Thesis (PhD)--University of Pretoria, 2016.
School of Public Management and Administration (SPMA)
PhD
Unrestricted
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Buso, Luthando Gilbert. "An investigation into the challenges affecting the effective implementation of the Public Finance Management Act, 1999 (Act 1 of 1999 as amended by Act 29 of 1999) int the Eastern Cape Province with specific reference to the Provincial Department of Public Works." Thesis, Nelson Mandela Metropolitan University, 2007. http://hdl.handle.net/10948/483.
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The objective of the study was to investigate challenges affecting the effective implementation of the Public Finance Management Act, 1999 (Act No. 1 of 1999 as amended by Act No. 29 of 1999) in the Eastern Cape Province with specific reference to the Provincial Department of Public Works. The research study has been conducted in such a manner that the reason to send a team of experts by the DPSA on approval by the President to come to the Eastern Cape and assist the ailing administrations of four departments is determined. The four departments that had a problem were: 1. Department of Roads and Public Works 2. Department of Health 3. Department of Education and 4. Department of Social Development The roads function of the Department of Roads and Public Works was later transferred to the Department of Transport and the Department of Roads and Public Works changed the name to Department of Public Works in September 2004. The team that was sent to the Eastern Cape together with the Director-General of the Province and the Superintendent-General of the Provincial Treasury formed up the IMT. The objective was to introduce turnaround strategies that would enable the four departments to effectively and efficiently implement the PFMA to the best interest of the South African Government. The PFMA is part of the broader strategy on improving public financial management in the public sector in the Republic of South Africa. It prescribes measures to ensure responsibility, accountability and transparency in national and provincial departments. Qualified Auditor-General’s reports for the previous financial years compelled the President in 2002 to establish Interim Management Team (IMT) in the Eastern Cape, comprising of experts from national government, to assist the ailing administration in four provincial departments, including the Department of Roads and Public Works. Questionnaires to employees, Auditor-General, Provincial Director-General, Superintendent-General of Provincial Treasury and as well as to the Accounting Officer of the Department of Public Works, were designed and issued out for completion. Interviews were also conducted to some of the employees. The assumption is that the majority of employees do not understand policies and procedures of the department and they displayed this by remaining neutral in questions asked and disagreed with some of the statements. During the interview process, the majority emphasised their protest against over usage of consultants by the department. Preference given to candidates from outside the department when senior posts are advertised instead of looking for excellently performing candidates from the internal ranks of serving employees, has been outlined as one of the elements contributing to low moral and low productivity in the workplace. Over usage of consultants and a big number of employees who disagreed with statements and remained neutral signify incapacity of the management to perfectly implement the PFMA for sound public financial management in the department. It has been established that regular risk assessments are not conducted, poor organisational structure with many posts that are not filled, no Anti-Corruption Unit to implement Public Service Anti-Corruption Strategy and, no clear managerial lines of accountability due to poor planning, ineffective internal controls and procedures, all render the department incapable of becoming one of the best provincial departments that get unqualified audit report from the Auditor-General. The findings provide clear indication that drastic transformation of the department into an institution that can perfectly implement the PFMA is necessary. The implication is that mismanagement of financial resources and fraud and corruption defeat service delivery objectives. Strategic objectives of the department are not achieved. The Eastern Cape Provincial Departments are obliged to align their strategic plans to the Provincial Growth and Development Plan (2004 – 2014). Therefore the implication is that, poor performance by the Department of Public Works impacts negatively to this provincial objective. Lack of effective control systems has negative implications on the administration of the department and renders it vulnerable to fraud and corruption.
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Dlomo, Phelelani Automan. "The impact of irregular expenditure in the South African public finance with specific reference to the National Department of Public Works." Thesis, Cape Peninsula University of Technology, 2017. http://hdl.handle.net/20.500.11838/2453.
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Thesis (MTech (Public Management))--Cape Peninsula University of Technology, 2017.In 1999 the South African Parliament passed the Public Finance Management Act No.1 of 1999 (PFMA). The intention was to ensure effective and better public finance management practice. The Act requires that government departments should establish measures to prevent irregular expenditure. However, there has been persistent irregular expenditure reports every year, which is an indication of non – compliance. The aim of this research is to investigate the impact of irregular expenditure in the South African public finance management domain, using the national Department of Public Works as a case study.
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Libala, Pozisa. "A critical assessment of the role of Eastern Cape Provincial Treasury in enforcing compliance with Public Finance Management Act for Public Entities, (South Africa)." Thesis, University of Fort Hare, 2013. http://hdl.handle.net/10353/d1015229.
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The term Public Administration meant the study of the public service. The purpose of the public service is to provide services to society. However, before any services are provided, certain functions should be undertaken within the public service. The public service is required to execute the policies of the government. In this system, public administration enables and supports the activity of public management. The public management functions are related to public administration and gives direction to the administrative conduct of public servants to ensure the effective execution of policies by the public service (Dye 1987:324). The purpose of Eastern Cape administration is to provide a legislative, political and administrative direction to the province and is also responsible for providing strategic financial direction, monitoring and oversight to the departments and the province in terms of the Public Finance Management Act, (PFMA) (Act No. 1 of 1999). The Eastern Cape administration renders strategic planning services, providing transversal policy opinions and advice and protocol development, it also provides technical and managerial support to the provincial government. Among other things it develops and implements a Human Resource strategy that gives effect to a sustainable Human Resource function and Human Resource plan in support of the organizational structure and provides financial processes to ensure efficient, effective, economical and transparent use of resources.
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Nomonde, Xego. "The role of municipal public accounts committee in the financial management of Intsika Yethu local municipality." Thesis, Nelson Mandela Metropolitan University, 2012. http://hdl.handle.net/10948/d1007958.
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In an attempt to address the challenges of audit queries in a sustainable way and improve service delivery. Municipality should deal with causes of disclaimer and adverse opinion which are reflected on their audit report. This study focuses on the role of the Municipal Public Accounts Committee in the financial management of the Intsika Yethu Local Municipality. Challenges facing the Municipal Public Accounts Committee include lack of capacity, lack of co-operation from municipal departments and lack of knowledge and skill in municipal management. This study investigated the role of the Municipal Public Accounts Committee in the financial management of the Intsika Yethu Local Municipality. Particular attention was paid to the various roles played by the Municipal Public Accounts Committee making a contribution towards improving municipal financial management.
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Bruinette, Konstant Andre. "Leveraging public funding and risk mitigation to eradicate infrastructure backlogs in South Africa." Thesis, Stellenbosch : University of Stellenbosch, 2010. http://hdl.handle.net/10019.1/8500.
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Thesis (MBA)--University of Stellenbosch, 2010.Fixed investment is a prerequisite to economic growth and sustainable development. Such investment includes large and focused capital spending on the expansion and maintenance of major integrated economic infrastructure. South Africa‘s municipal environment is characterised by extensive infrastructure backlogs, an apparent lack of available funding to eradicate these backlogs as well as incapacities to unlock the required funding. This study proposes a mechanism to successfully unlock available funds and to optimally gear large infrastructure projects. The proposed mechanism focuses on reducing and mitigating project and unsystematic risk evaluations of private financiers. As part of the solution the two concepts of Security Risk Deposit and Limited Risk Deposit are introduced. The solution is based on the principle of associated risk transferral and a type of financial insurance related to remaining perceived levels of project and unsystematic risk. The key dilemma relating to the approach to infrastructure development in South Africa, is presented and is systematically resolved over the course of the study. The proposed solution is simulated and it confirms that it is indeed a valid way of ensuring that government attains more value from the limited available grant funding. Private financiers, government departments and the citizens of South Africa will be able to benefit from the proposed approach.
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Ntoampe-, Mahlelebe Tsaliko. "The impact of the National Credit Act (NCA) on the profitability of housing microfinance lenders in South Africa." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/80647.
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Thesis (MDF)--Stellenbosch University, 2008.ENGLISH ABSTRACT: High interest rates on credit products in South Africa are not unusual. This would be beneficial to the South African consumers if the cost of incurring these credit products was lower than the benefit derived from incurring them .This is unfortunately not the case to the majority of the South African population. The unlikelihood of this situation is a direct result of the lack of access to appropriate savings and insurance products to a large number of South Africans. Most South Africans use credit, in the form of microloans to augment their consumption patterns. The majority of South Africans do not have a culture of saving; therefore they use credit as a substitute for the lack of savings when consumption patterns exceed income. Using credit as a substitute for the lack of savings becomes extremely costly for low income earners. The result is a perpetual dependence on credit, lack of accumulation of wealth and a lack of improvement in their standard of living. The perpetual dependence on credit has brought about unscrupulous lenders who take advantage of the low income earners dependency on credit for their daily existence. It is due to such exploitations that the South African government through its Department of Trade and Industry (DTI) intervened to bring normality in the South African credit market. This intervention was done through the promulgation of the National Credit Act (NCA), Act No.34 of 2005. The purpose of this study is to focus on a sub set of the credit providers in South Africa known as housing microfinance (HMF) lenders. The study explores the impact of the National Credit Act in the South African credit industry. The Act’s intentions are elaborated and the reality of the implementation of the Act on the drivers of profitability for the housing microfinance institutions is measured. The finding is that housing microfinance institutions have to restructure their business processes in order to be profitable and sustainable in the ambit of the National Credit Act.
AFRIKAANSE OPSOMMING: Vir menige finansiële produkte in Suid-Afrika is rentekoerse wat wissel tussen 80 en 150 persent is nie ongewoon nie. In ekonomiese terme kan verbruikers slegs voordeel trek uit hierdie hoë rentekoerse as die koste om hierdie krediet te verkry laer is as die voordeel wat voortspruit uit die aangaan van die koste. Hierdie situasie is hoogs onwaarskynlik in die oorgrote meerderheid van gevalle in Suid-Afrika. Die onwaarskynlikheid van hierdie situasie is die direkte gevolg van die gebrek aan toegang tot toepaslike spaar- en versekeringsprodukte vir ‘n groot aantal Suid-Afrikaners. Die meeste Suid-Afrikaners gebruik krediet (naamlik mikrolenings) om hulle verbruikerspatrone aan te vul. Die gebruik van krediet as ‘n plaasvervanger vir spaargeld word uitermate duur vir die lae-inkomste verdiener. Die gevolg is ‘n ewigdurende afhanklikheid van krediet, geen akkumulasie van welvaart nie en ‘n gebrek aan verbetering van lewenstandaard. Die ewigdurende afhanklikheid van krediet het gewetenlose uitleners geskep wat die lae-inkomste verdieners uitbuit wat afhanklik is van krediet vir hul daaglikse bestaan. Dit is as gevolg van hierdie tipe uitbuiting dat die Suid-Afrikaanse regering deur sy Departement van Handel en Nywerheid tussenbeide getree het om normaliteit te bring in die Suid-Afrikaanse kredietmark. Hierdie intervensie is gedoen deur die uitvaardiging van die Nasionale Kredietwet, Wet No. 34 van 2005. Die doel van hierdie studie is om te fokus op ‘n onderdeel van die kredietverskaffers in Suid-Afrika bekend as die behuising-mikrofinansiering-uitleners. Die studie ondersoek die impak van die Nasionale Kredietwet in die Suid-Afrikaanse kredietindustrie. Die Wet se oogmerke word uiteengesit en die realiteit van die implementering van die Wet op die drywers van winsgewendheid vir die behuising-mikrofinansiering-instansies word gemeet. Die bevinding is dat behuising-mikrofinansiering-instansies hulle besigheidsprosesse moet herstruktureer ten einde meer winsgewend en volhoubaar te wees binne die strekking van die Nasionale Kredietwet.
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Tesselaar, Johannes Christoffel Petrus. "Debt management framework for Western Cape Province municipalities." Thesis, Cape Peninsula University of Technology, 2017. http://hdl.handle.net/20.500.11838/2439.
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Thesis (DTech (Public Management))--Cape Peninsula University of Technology, 2017.From a municipal perspective non-payment means that consumers, rate-payers and citizens are not fulfilling their obligations towards a particular municipality, contributing to a situation of insufficient available cash for day-to-day service delivery. The current debt situation in municipalities can be linked to the creation of a culture of non-payment due to the political situation in South Africa pre- and post-1994. Sections 1.1, 1.2 and 1.3 present the contributions and reasons for the current debt situation per the three spheres of government. South African municipal debt increased by 88 percent (R44 billion) over the last five financial years, from R50 billion in 2009/2010 to R94 billion in 2013/2014. The trend of 15- 20 percent per year increase in debt precludes the effective, efficient and economic provision of essential and emergency services to communities. All municipalities need to ensure that an effective collection relationship exists and that municipalities implement policies, by-laws, processes, procedures and systems in this regard. However, many municipalities fail in their quest for effective collection, or lack the capacity to utilise enabling legislation to implement an efficient and effective debt collection framework. This research study was conducted in response to this scenario, to identify and document existing problems through the development of guidelines and a framework for effective cash and debt collection. The guidelines will assist municipalities in collecting their outstanding debts.
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Du, Preez David H. "Alternative sources of finance for sustainable development in South Africa with specific reference to carbon trading." Thesis, Stellenbosch : University of Stellenbosch, 2011. http://hdl.handle.net/10019.1/6557.
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Thesis (MPhil)--University of Stellenbosch, 2011.ENGLISH ABSTRACT: The world has been engaged in a global ‘development project’ since the late 1940s. This process gained new momentum with the end of colonialism and the emergence of newly independent countries, all of them plagued with high levels of poverty. Traditional models of economic growth based on industrialization and import-substitution did not deliver the expected results to reduce poverty, especially in Africa. New ways of engaging with development emerged; in particular the basic needs approach in the 1970s and later the human development approach. Independently a new environmental movement surfaced in the 1960s, responding to the rallying call of global environmental destruction as a result of economic activities. For the first time a global language on the limitations nature presents to development emerged. The ‘movement’ received particular traction with the emergence of global climate disruption as the single largest global environmental issue. ‘Human needs’, represented by the anthropocentrists, and ‘environmental limitations’, represented by environmentalists were merged in an uncomfortable union to give birth to the notion of sustainable development. Yet, as a result of a large variety of perspectives, no agreement has been reached on what sustainable development means or should achieve. There is agreement though that developmental needs and environmental challenges are both urgent. An important unanswered question is how the world will pay for sustainable development interventions. Some interesting ideas on alternative sources of development finance has been around for a while, yet has not found practical application. Carbon finance, an innovative new source of funding, is an exception. This exploratory research was conducted by reviewing existing relevant literature using the inductive logic technique. It was initiated as a result of specific experiences leading the researcher to some general ‘truths’. The findings revealed that carbon markets, which are primarily focussed on reducing carbon emissions and which in itself makes a positive contribution to sustainability, has over the last few years successfully leveraged billions of dollars for investment in sustainable development projects globally. Some of these have the added advantage of co-benefits for the poor. Its role is set to expand as a source of development finance. South Africa has the potential to earn large amounts from carbon trading, assisting the country to move to a more sustainable development trajectory. The findings concluded that realising this potential will require a more focussed approach, especially from the South African Government.
AFRIKAANSE OPSOMMING: Die wêreld is sedert die 1940s besig met ‘n grootskaalse ‘ontwikkelingsprojek’. Die proses het nuwe momentum gekry teen die einde van die koloniale tydperk. Die nuut onafhanklike state het almal gebuk gegaan onder hoë vlakke van armoede. Tradisionele modelle van ekonomiese groei gebasseer op industrialisasie en invoer vervanging, het nie die verwagte resultate in terme van armoede verligting - veral in Afrika - gehad nie. Nuwe benaderings tot ontwikkeling - spesifiek die ‘basiese behoeftesbenadering’ in die 1970s en later die menslike ontwikkelingsbenadering – is ontwikkel met die hoop dat dit beter resultate sal lewer om armoede hok te slaan. Terselfdertyd het ‘n nuwe omgewingsbeweging in die 1960s ontstaan, in reaksie op die vernietig van die natuur deur die mens se ekonomiese aktiwiteite. Die gevolg was dat daar ‘n internasionale taal onstaan het wat die beperkinge wat die natuur op ontwikkeling plaas kon verwoord. Dit het veral momentum gekry met die bewuswording dat aardverwarming die wêreld se grootste omgewingsuitdaging bied. Mense se behoeftes soos verwoord deur antroposentriste, en omgewingsbeperkings soos verwoord deur omgewingskundiges, het bymekaargekom om die nuwe konsep van volhoubare ontwikkeling te vorm. As gevolg van ‘n groot verskeidenheid van interpretasies is daar geen ooreenstemming oor wat volhoubare ontwikkeling beteken of behoort te bereik nie. Waaroor daar wel ooreenstemming is, is die feit dat die wêreld se behoefte aan ontwikkeling sowel as die omgewingsuitdagings beide dringend is. ‘n Belangrike vraag wat niemand nog kon beantwoord nie, is hoe die wêreld gaan betaal vir volhoubare ontwikkelingsprojekte. Alhoewel daar ‘n paar kreatiewe idees vir alternatiewe bronne van ontwikkelingsfinansiering die rondte doen, het nog nie een daarvan praktiese beslag gekry nie. Die enigste vindingryke nuwe bron van ontwikkelingsfinansiering wat wel geïmplimenteer is, is koolstof finansiering. Dié ondersoekende navorsing is gedoen deur middel van ‘n literatuur studie van bestaande relevante materiaal, deur gebruik te maak van die induktiewe logika tegniek. Die studie is geïnisieer as gevolg van spesifieke ondervindings wat die navorser gelei het na algemene ‘waarhede’. Bevindinge uit die studie het aangedui dat koolstof markte, wat primêr ten doel het om die vrystel van aardverwarmingsgasse te beperk en dus opsigself ‘n positiewe bydrae tot volhoubaarheid lewer, oor die laaste paar jaar daarin geslaag het om miljarde dollars beskikbaar te maak vir volhoubare ontwikkelingsprojekte wêreldwyd. Sommige hiervan het die voordeel dat dit arm gemeenskappe bevoordeel. Die rol van die koolstofmarkte gaan in die toekoms toeneem. Suid Afrika het die potensiaal om groot bedrae te verdien uit koolstof finansiering, wat die land behoort te help om op ‘n meer volhoubare ontwikkelingspad voort te gaan. Die bevindinge sluit af deur aan te dui dat die realisering van dié potensiaal ‘n baie meer gefokusde benadering deur veral die Suid Afrikaanse Regering gaan vereis.
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Mashele, Makhosini Thaniel. "An analysis of the use of the public private partnership model in financing public sector research and development infrastructure in South Africa." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/998.
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Thesis (MDF (Business Management))--Stellenbosch University, 2008.ENGLISH ABSTRACT: Economic development depends on a number of variables, including the ability of the economy to innovate technologically. Innovation depends to a large extent on the value, both qualitative and quantitative, of the research and development (R&D) happening in an economy. R&D in turn require various activities and inputs, including human resources, capital and infrastructure. The focus of this study is on the alternatives available to the public sector for funding public R&D. Most of the current public R&D infrastructure comes from the fiscus, which is strained under the pressure of many competing and immediate needs. An alternate model for funding public R&D infrastructure is that of public private partnerships (PPPs), which are private sector-supported initiatives for delivery of public goods and services. These are used all over the world to deliver public services with a high degree of success in sectors such as health (hospitals and services) and transport (roads, airports). This study looks at how this model can be applied in the delivery of public R&D infrastructure, which has not been popular in South Africa to date. A questionnaire was designed to look at five key areas for investigation with regard to R&D infrastructure, namely: the type of infrastructure as a determinant for the success of the PPP; the perception regarding the risk of the transaction; the incentives available to the private participants; the availability of capital in the market; and the effect of regulations on the transaction. These are investigated through the use of a questionnaire to get responses from people who have an understanding of PPP transactions in the country. The results show that R&D PPPs are possible and should be explored. One of the main reasons why they are currently not popular is because they are under-explored. The respondents felt that: the PPP regulations may have to be changed or adapted to be effective in the administration of PPP transactions; the risks for R&D PPPs seem to be high; sufficient capital exists to fund these transactions; the type of the infrastructure being financed is not necessarily a hindrance; and there are sufficient incentives for the private sector to participate in these transactions.
AFRIKAANSE OPSOMMING: Ekonomiese ontwikkeling hang af van 'n aantal veranderlikes, onder andere die ekonomie se vermoë om tegnologies te innoveer. Sodanige innovasie word in 'n groot mate bepaal deur die waarde, beide kwalitatief en kwantitatief, van die navorsing en ontwikkeling wat binne die ekonomie plaasvind. Navorsing en ontwikkeling vereis weer verskeie aktiwiteite en insette, waaronder menslike hulpbronne, kapitaal en infrastruktuur. Hierdie studie fokus op alternatiewe wat vir die openbare sektor beskikbaar is ten opsigte van die befondsing van openbare navorsing en ontwikkeling. Die huidige openbare navorsing- en ontwikkelinginfrastruktuur kom hoofsaaklik van die fiskus, wat weens verskeie mededingende en dringende behoeftes onder druk is. 'n Publieke-private venootskap (PPV) bied 'n moontlike alternatiewe model vir befondsing van 'n openbare navorsing- en ontwikkelinginfrastruktuur. Openbare goedere en dienste word hiervolgens gelewer deur middel van inisiatiewe wat deur die privaatsektor ondersteun word. Die model word wêreldwyd baie suksesvol aangewend in sektore soos gesondheid (hospitale en dienste) en vervoer (paaie, lughawens). Hierdie studie ondersoek hoe die model toegepas kan word in die skep van 'n openbare navorsing- en ontwikkelinginfrastruktuur in Suid-Afrika, hoewel dit tot dusver nie hier gewild was nie. 'n Vraelys is ontwerp om vyf sleutelareas ten opsigte van navorsing- en ontwikkelinginfrastruktuur te ondersoek, naamlik: tipe infrastruktuur as 'n determinant vir die sukses van die PPV; persepsie aangaande risiko met betrekking tot die transaksie; aansporing wat aan private deelnemers gebied word; beskikbaarheid van kapitaal in die mark en die uitwerking van regulasies op die transaksie. Hierdie vraelys is aangewend om reaksie te verkry van persone wat begrip van publieke-private ondernemings in die land het. Die resultate wys dat PPV's binne 'n navorsing- en ontwikkelinginfrastruktuur moontlik is en verder ondersoek behoort te word. Een van die hoofredes waarom dit tans nie gewild is nie, is die gebrek aan toepaslike navorsing. Respondente het aangedui dat: PPV regulasies moontlik verander of aangepas sal moet word om effektief te wees in die administrasie van sodanige transaksies; die risiko's vir PPV's in navorsing en ontwikkeling hoog voorkom; voldoende kapitaal vir befondsing van transaksies beskikbaar is; die tipe infrastruktuur wat befondsing ontvang nie noodwendig 'n hindernis is nie en dat voldoende aansporing vir die privaatsektor gebied word om aan hierdie transaksies deel te neem.
Books on the topic "South Africa. Public Finance Management Act"
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Africa, South. Public Finance Management Act, 1 of 1999 & regulations. Edited by Juta Law (Firm). 4th ed. Claremont: Juta Law, 2009.
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Africa, South. Public Finance Management Act, 1 of 1999 & regulations. Edited by Juta Law (Firm). 7th ed. Claremont, Cape Town: Juta Law, 2011.
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Africa, South. Public Finance Management Act, 1 of 1999 & regulations. Edited by Juta Law (Firm). 6th ed. Claremont: Juta Law, 2011.
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Africa, South. Local Government: Municipal Finance Management Act 56 of 2003 & regulations. Edited by Juta Law (Firm). Cape Town: Juta Law, 2011.
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Canada. Parliament. House of Commons. Bill: An act to provide for the expenses of the Canadian volunteers serving Her Majesty in South Africa. Ottawa: S.E. Dawson, 2003.
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Canada. Parliament. House of Commons. Bill: An act respecting the members of the North-West Mounted Police Force on active service in South Africa. Ottawa: S.E. Dawson, 2003.
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South Carolina. General Assembly. Legislative Audit Council. Report to the General Assembly: A review of the implementation of the South Carolina Family Independence Act. Columbia, SC: The Council, 1996.
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Council, South Carolina General Assembly Legislative Audit. Report to the General Assembly: Department of Health and Environmental Control's implementation of the Safe Drinking Water Act. Columbia, S.C: The Council, 1994.
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Canada. Bill: An act to detach that portion of the Municipality of St. Roch of Quebec, South, lying west of the division line between the property of the Ursuline Nuns and those of the heirs Tourangeau and Ware, from that municipality, and to annex the same to the municipality of the Parish of St. Roch of Quebec, North. Quebec: Printed for the Contractors by Hunter, Rose & Lemieux, 2001.
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South Africa. Office of the Auditor-General., ed. Special report of the Auditor-General on the delays in the tabling of annual reports as required by the Public Finance Management Act for the financial year 2001-2002. Pretoria: Government Printer, 2002.
Find full textBook chapters on the topic "South Africa. Public Finance Management Act"
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Naidoo, Vannie. "Ethics in Accounting and Finance." In Sustainability Reporting, Ethics, and Strategic Management Strategies for Modern Organizations, 30–41. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4637-6.ch002.
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Ethics forms the cornerstone of business and commerce today. It is the lifeblood of every institution be it private or public enterprise. Organisations have to develop and implement a properly structured policy on ethics outlaying proper governance within the institution. Accounting and finance services are crucial in managing a company's finances and wealth. In the accounting profession, in order for there to be transparency and trust, ethics is a crucial area that needs to be present. The many scandals and ethical dilemmas faced by countries organisations throughout the world has made us pause and take stock of what is happening in industry and has prompted action in law and governance towards ethics and corporate governance. South Africa too, has had its fair share of scandal that has had its legal fraternity, government, and business sector develop the Kings I, Kings II, Kings III, and Kings IV laws that stipulate corporate governance and ethics. Organisations have to be honest, professional, and transparent in their business practices.
Conference papers on the topic "South Africa. Public Finance Management Act"
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Luyinda, R., M. E. Herselman, and G. H. K. Botha. "IT Control Objectives for Implementing the Public Finance Management Act in South Africa." In InSITE 2008: Informing Science + IT Education Conference. Informing Science Institute, 2008. http://dx.doi.org/10.28945/3187.
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This paper presents the proposed IT Control objectives for implementing the Public Finance Management Act of 1999 (PFMA) for the Republic of South Africa. The aspects covered in this paper show the main concerns of accounting officers in implementing the PFMA. The ability of IT Control Objectives for Information and related Technology (COBIT) to enable the participation of IT in the design and implementation of internal control over financial reporting for the PFMA is a major finding presented in this paper. However, this area of research is new and further studies to inform the responsibility of IT in facilitating the implementation of the PFMA need to be undertaken. This paper is a maiden effort in that direction.