Public Finance Management Act, 1999 (Act No. 1 of 1999)

Notices

Exemptions in terms of Section 92 of the Act

Notice No. 585 of 2021
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Notice No. 585

2 July 2021

GG 44799

 

National Treasury

 

I, TT MBOWENI, MINISTER OF FINANCE, acting in terms of Section 92 of the Public Finance Management Act, 1999 (Act No 1 of 1999), hereby exempt the institutions specified in the first column below from the provisions of that Act specified in the second column to the extent and duration specified in the third and fourth columns of the Schedule.

 

Schedule

 

Institution Exempted

Section of Act

Extent of Exemption

Duration of Exemption

Land and Agricultural Development Bank of South Africa

Sections 52

Exemption from Section 52 of the Public Finance Management Act, 1999 (Act No 1 of 1999)

Until the Land Bank debt default position is cured.

 

 

TT Mboweni, MP

Minister of Finance

Date: 27 May 2021