President Ramaphosa has assented to the 2020 Adjustments Appropriation Act.
Parliament passed the Adjustments Appropriation Bill and sent it to the president for assent earlier this month.
The bill was tabled in parliament on 24 June 2020 as part of the Special Adjustments Budget in response to the Covid-19 pandemic.
The Adjustments Appropriation Act, published in Government Gazette 43624, aims to:
• effect adjustments to the appropriation of money from the National Revenue Fund for the requirements of the State in respect of the 2020/21 financial year; and
• provide for matters incidental thereto.
The standing committee on appropriations earlier sought comment on a proposed amendment to Section 6 of the Appropriation Act of 2020.
The proposed amendment makes reference to the second Adjustments Appropriation Bill to be introduced in parliament during the 2020 Medium Term Budget Policy Statement.
According to the standing committee on appropriations’ committee report, the amendment is necessary to allow for the possible use of funds from the contingency reserve prior to the tabling of the second Adjustments Appropriation Bill in October 2020.
The select committee on appropriations passed the bill without amendments.
In its report, the committee called on national treasury and the planning, monitoring and evaluation department to strengthen monitoring mechanisms for budget expenditure and programme performance, in particular for funds made available to respond to the COVID-19 pandemic.
“Corruption and illegal activities absolutely cannot be tolerated and drastic measures need be taken to enhance departmental internal controls and financial management to detect and prevent financial mismanagement, fraud and corruption.”
Meanwhile, in a statement, the Reserve Bank (SARB) announced that the South African Payroll Association is conducting a survey on behalf of national treasury, SARB, Financial Sector Conduct Authority, National Credit Regulator, department of public service and administration, department of trade, industry and competition and the department of employment and labour to obtain insights into South Africa’s payroll deductions landscape.
SARB added that the “survey results will assist to accelerate the process of finalising an informed, robust and comprehensive regulatory position on payroll deductions in South Africa”.