National treasury plans to conduct relevant micro and macro-economic research that contributes to the promotion of macro-economic stability, poverty alleviation, retirement reform, social security and the development of inclusive growth and job creating policies.
Treasury outlined this in a briefing on its strategic plan 2020-2025 and annual performance plan 2020/21 during a virtual meeting in parliament.
The plan is also for 50 economic policy papers to be published through the SA-TIED programme in 2020/21.
Other priorities include financial sector legislation to be drafted and submitted to Parliament for tabling; tax legislation to give effect to tax proposals from the Budget will be drafted and submitted for tabling; economic forecasting models to be developed that provide reliable macro-economic projections that aid policymaking and a macroeconomic framework review to be completed by 2022.
Treasury also wants to develop a national policy approach to combat, track and stop illicit financial flows and recovering and repatriating assets by 2024.
The financial sector code will be reviewed by the end of 2020 and implemented by 2024.
Meanwhile, municipalities and municipal entities have been exempted from regulation 4(3) and 29(2) of the Municipal Supply Chain Management Regulations of 2005.
National treasury published the exemption notice in Government Gazette 43281.
Regulation 4(3) stipulates that no municipal council, board of directors of a municipal entity or accounting officer may delegate or sub-delegate any supply chain management powers or duties in the case of a municipality to a person who is not an official of the municipality or to a committee which is not exclusively composed of officials of the municipality or, in the case of a municipal entity, to a person who is not an official of the municipal entity or to a committee which is not exclusively composed of officials of the municipal entity.
Regulation 29(2) stipulates that a bid adjudication committee must consist of at least four senior managers of the municipality or municipal entity which must include the chief financial officer or, if the chief financial officer is not available, another manager in the budget and treasury office reporting directly to the chief financial officer and designated by the chief financial officer; at least one senior supply chain management practitioner who is an official of the municipality or municipal entity and a technical expert in the relevant field who is an official of the municipality or municipal entity, if the municipality or municipal entity has such an expert.
According to the notice, municipalities and municipal entities are exempted from compliance with regulations 4(3) and 29(2) of the Regulations in so far as the regulations prohibit the delegation or sub-delegation of any supply chain management powers or duties to a person who is not an official of the municipality or municipal entity or to a committee which is not exclusively composed of officials of the municipality or municipal entity and require a bid adjudication committee to consist of four senior managers.
One condition is that municipalities with less than four senior managers will be given six to twelve months to fill the positions.