Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)RegulationsMunicipal Cost Containment Regulations, 20194. Cost containment policies |
| (1) | Each municipality or municipal entity must develop or revise and implement a cost containment policy which must— |
| (a) | in the case of a municipality, be adopted by the municipal council, and in the case of a municipal entity, by the board of directors as part of its budget related policies; |
| (b) | define a municipality or municipal entity's objectives for the use of consultants; and |
| (c) | be consistent with the Act and these Regulations. |
| (2) | The cost containment policy of a municipality or a municipal entity contemplated in subregulation (1) must— |
| (a) | be in writing; |
| (b) | give effect to these Regulations; |
| (c) | be reviewed annually, as may be appropriate; |
| (d) | be communicated on the municipality's or municipal entity's website; and |
| (e) | set out— |
| (i) | monitoring measures for ensuring implementation of the policy; |
| (ii) | procedures for the annual review of the policy; and |
| (iii) | consequences for non-adherence to the measures contained therein. |