Division of Revenue Act, 2010 (Act No. 1 of 2010)

Conditional allocations and explanatory memorandum
Purchase cart Previous page Return to chapter overview Next page

 

 

Notice No. 125

15 February 2011

 

The National Treasury

 

I, Pravin J Gordhan, Minister of Finance, acting in terms of the Division of Revenue Act, 2010 (Act No.1 of 2010) as amended, hereby publish in the attached Schedule -

a)stopping of allocation in respect of conditional allocations made to provinces under the Act; and
b)the re-allocation of stopped conditional allocations to certain provinces.

 

For ease of reference only and where applicable, the attached Schedule reflects the allocations published in the 2010 Division of Revenue Act (Act No 1 of 2010), as amended, as Column A, stopping of allocations and re-allocations in Column B and the total adjusted allocations in Column C.

 

This Government Notice is set out as follows:

Part 1: Conditional allocations;

Part 2: Explanatory memorandum relating thereto.

 

 

Pravin J Gordhan

Minister of Finance

 

 

Part 1: Conditional allocations

 

Schedule 5 can be found in Government Gazette No. 34027 dated 15 February 2011.

 

 

Part 2: Explanatory Memorandum to the Provincial Allocations set out in Schedule 5

 

This Gazette is published in terms of the 2010 Division of Revenue Act (Act No.1 of 2010), as amended by the Division of Revenue Amendment Act (Act No. 15 of 2010), and provides information on additional allocations and adjustments to existing allocations to provinces in the 2010/11 financial year.

 

This is necessitated by the need to stop the flow of funds in terms of section 17 of the 2010 Division of Revenue Act (Act No.1 of 2010), as amended, and the need to re-allocate funds to provinces, as approved in terms of section 18 of the 2010 Division of Revenue Act (Act No.1 of 2010), as amended.

 

This Gazette therefore updates information that was published in the 2010 Division of Revenue Amendment Act (Act No. 15 of 2010) in Government Gazette No. 33830 of 2 December 2010.

 

This notice affects the Human Settlements Development Grant:

a)In compliance with section 17 of the 2010 Division of Revenue Act (Act No. 1 of 2010), as amended, the national Department of Human Settlements stops the transfer of funds to the value of R263 million from Schedule 5, following slow spending on the part of the Free State and R80 million on the part of KwaZulu-Natal.
b)In compliance with section 18 of the 2010 Division of Revenue Act (Act No. 1 of 2010), as amended, the national Department of Human Settlements reallocates funds to Northern Cape to the value of R174 million and Limpopo to the value R130 million and Eastern Cape R39 million from Schedule 5, following demonstrated capacity to spend in Northern Cape, Limpopo and Eastern Cape.