Division of Revenue Act, 2024 (Act No. 24 of 2024)Chapter 2 : Equitable Share Allocations5. Equitable division of local government share among municipalities |
| (1) | Each municipality’s equitable share of local government’s share of revenue raised nationally in respect of the 2024/25 financial year is set out in Column A of Schedule 3. |
| (2) | The envisaged equitable share for each municipality from local government’s share of revenue anticipated to be raised nationally in respect of the 2025/26 financial year and the 2026/27 financial year, and which is subject to the Division of Revenue Acts for those financial years, is set out in Column B of Schedule 3. |
| (3) | The national department responsible for local government must, unless otherwise determined by the National Treasury, transfer a municipality’s equitable share referred to in subsection (1) to the primary bank account of the municipality in three transfers on 3 July 2024, 4 December 2024 and 12 March 2025, in the amounts determined in terms of section 22(2). |