Although South Africa has, since 1994, developed an impressive compendium of financial management policies and regulations, public expenditure management remains a challenge. Nationally, the Public Finance Management Act, 1999 (PFMA) forms the basis of financial management in the public service. In the municipal sphere, which is the heart of public service delivery, the PFMA is supported by the Municipal Financial Management Act, 2003 (MFMA). Yet, financial management in all three spheres of ...
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2021-Jun-16 10:51:42