South Africa Act or statute

Parliament of the Republic of South Africa

Special Appropriation Act, 2019

Parliament appropriates R59 billion for the Department of Public Enterprises, and the money must be transferred to Eskom. This Act authorises a special appropriation of R59 billion for support to Eskom and requires the…

government fundingstate-owned enterprise supporttransfer of funds

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01

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“Parliament appropriates R59 billion for the Department of Public Enterprises, and the money must be transferred to Eskom.”

Parliament appropriates R59 billion for the Department of Public Enterprises, and the money must be transferred to Eskom. This Act authorises a special appropriation of R59 billion for support to Eskom and requires the money to be transferred under conditions set by the Minister of Finance. This section says the Act is called the Special Standards Act, 2019. This excerpt is a Government Gazette header and does not state any substantive rule.

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No. 42852

Parliament appropriates R59 billion for the Department of Public Enterprises, and the money must be transferred to Eskom.

Section 2

No. 42852

This excerpt is a Government Gazette header and does not state any substantive rule.

Section 4

04

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Source record from www.parliament.gov.za · updated 22 Nov 2019

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Provision 3Short title
§ 2No. 42852Short title

Parliament appropriates R59 billion for the Department of Public Enterprises, and the money must be transferred to Eskom.

2 No. 42852 GOVERNMENT GAZETTE, 22 NOVEMBER 2019 Act No. 25 of 2019 Special Appropriation Act, 2019 (English text signed by the President) (Assented to 20 November 2019) ACT To appropriate an additional amount of money for the requirements of the Department of Public Enterprises to assist Eskom Holdings SOC Limited with its financial obligations and to provide for matters connected therewith. BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Appropriation of additional amount of money for requirements of Public Enterprises 1. (1) (a) An amount of R59 billion is hereby appropriated out of the National Revenue Fund for the requirements of the Department of Public Enterprises, of which— 5 (i) R26 billion is for the 2019/2020 financial year; and (ii) R33 billion is for the 2020/2021 financial year. (b) The money contemplated in paragraph (a) must be transferred to Eskom in each financial year to assist Eskom with its financial obligations. (2) (a) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), the accounting officer of the Department of Public Enterprises must transfer to Eskom the amount, referred to in subsection (1), in the portions and on such dates as the Minister of Finance determines, taking into account the financial position of Eskom as verified by the National Treasury. (b) For the purpose of promoting transparency and the effective management of the amount referred to in subsection (1), the Minister of Finance, in writing— (i) may impose conditions to be met by Eskom before any part of the amount is 10 15 transferred; (ii) must impose conditions to be met by Eskom after the transfer of any part of the 20 amount; and (iii) must stop the use of any part of the amount in respect of which conditions have been imposed in terms of subparagraph (ii), until such conditions are met. (c) The National Treasury must disclose the stoppage of an allocation in terms of paragraph (b)(iii) in its next quarterly report to the Standing Committee on Finance of the National Assembly and the Select Committee on Finance of the National Council of Provinces. (d) Any part of the amount referred to in subsection (1) not transferred to Eskom by the end of the relevant financial year reverts to the National Revenue Fund. Short title
§ 2This Act is called the Special Appropriation Act, 2019.Provision

This Act authorises a special appropriation of R59 billion for support to Eskom and requires the money to be transferred under conditions set by the Minister of Finance.

2. This Act is called the Special Appropriation Act, 2019. 25 30 This gazette is also available free online at www.gpwonline.co.za Molao wa Tekanyetso e e Kgethegileng, 2019 No. 25 wa 2019 GOVERNMENT GAZETTE, 22 NOVEMBER 2019 No. 42852 3 (English text signed by the President) (Assented to 20 Novemer 2019) MOLAO Go lekanyetsa madi a tlaleletso mabapi le ditlhokego tsa Lefapha la Dikgwebo tsa Setsˇhaba go thusa Eskom Holdings SOC Limited ka maikarabelo a yona a tsa ditsˇhelete le go tlamela mabapi le merero e e amanang le ona. O DIRWA MOLAO ke Palamente ya Rephaboliki ya Aforika borwa, jaana:— Tekanyetso ya madi a tlaleletso mabapile ditlhokego tsa Dikgwebo tsa Setsˇhaba 1. (1) (a) Madi a a kana ka R59 bilione a a lekanyetswa go tswa mo Letloleng la Lotseno la Setsˇhaba mabapi le ditlhokego tsa Lefapha la Dikgwebo tsa Setsˇhaba, ao mo go ona— (i) R26 bilione ke ya ngwaga wa ditsˇhelete wa 2019/2020; e bile (ii) R33 bilione ke ya ngwaga wa ditsˇhelete wa 2020/2021. (b) Madi a a umakilweng mo temaneng (a) a tshwanetse go sutisetswa go Eskom mo ngwageng nngwe le nngwe ya ditsˇhelete go thusa Eskom ka maikarabelo a yona a tsa ditsˇhelete. (2) (a) Go ya ka Public Finance Management Act, 1999 (Molao 1 wa 1999), motlhankedi wa ditshupatlotlo wa Lefapha la Dikgwebo tsa Setsˇhaba o tshwanetse go sutisetsa madi go Eskom, a a kailweng mo karolotlaleletsong (1), ka dikarolwana le ka matlha ao a tlhomaisitsweng ke Tona ya Matlotlo, ka go tsaya tsia maemo a ditsˇhelete a Eskom go ya ka moo Matlotlo a Bosetsˇhaba a netefaditseng ka teng. (b) Mabapi le maitlhomo a go tsweletsa ponalatshego le botsamaisi jo bo nonofileng jwa madi a a kailweng mo karolotlaleletsong (1), Tona ya Matlotlo, ka go kwala o— (i) ka pateletsa gore Eskom e fitlhelele dipeelo pele go ka sutiswa karolo efe ya (ii) (iii) madi; tshwanetse go pateletsa Eskom go fitlhelela dipeelo morago ga tshutiso ya karolo efe ya madi; e bile tshwanetse go emisa tiriso ya karolo efe ya madi a mabapi le ona dipeelo di pateleditsweng go ya ka temanatlaleletso (ii), go fitlhela dipeelo tseo di fitlhelelwa. (c) Matlotlo a Bosetsˇhaba a tshwanetso go senolela Komiti ya Leruri ya Matlotlo ya Kokoano ya Bosetsˇhaba le Komitikgetho ya Matlotlo ya Khansele ya Bosetsˇhaba ya Diporofense ka ga kemiso ya kabo go ya ka temana (b)(iii) mo pegelong ya ona ya kotare. (d) Karolo nngwe le nngwe ya madi a a kailweng mo karolotlaleletsong (1) e e sa sutisetswang go Eskom kwa bokhutlong jwa ngwaga wa ditsˇhelete o o maleba e busetswa kwa Letloleng la Lotseno la Bosetsˇhaba. 5 10 15 20 25 30 Setlhogokhutshwane
§ 2Molao ono o bidiwa Molao wa Tekanyetso e e Kgethegileng, 2019.Provision

This section says the Act is called the Special Standards Act, 2019.

2. Molao ono o bidiwa Molao wa Tekanyetso e e Kgethegileng, 2019. This gazette is also available free online at www.gpwonline.co.za
§ 4No. 42852Provision

This excerpt is a Government Gazette header and does not state any substantive rule.

4 No. 42852 GOVERNMENT GAZETTE, 22 NOVEMBER 2019 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065

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  • Finance. 2. This Act

    Section 2

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