Finance Minister Tito Mboweni has gazetted municipal cost containment regulations, which National Treasury says are aimed at ensuring that the resources of municipalities and municipal entities are used effectively, efficiently and economically. Section 168(1)(b) and (p) of the Municipal Finance Management Act (MFMA) dictates that the Minister may regulate financial management and internal controls and any other matter that may facilitate the enforcement and administration of the Act. “The … [Read more...] about National Treasury municipal cost containment regulations
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Simplify your retirement savings products
The National Treasury has published two papers on retirement reforms and non-retirement savings to help consumers get maximum returns when they retire without their savings being eaten up by schemes' charges. The publishing of the two papers follows an announcement by Finance Minister Pravin Gordhan during his 2014 Budget Speech last month. In a statement on Monday, the National Treasury said: "The papers are also consistent with the shift towards a Twin Peaks system of regulating the … [Read more...] about Simplify your retirement savings products
80% of SA’s Population Serviced by 18% of SA’s Doctors
Amidst dire warnings from the Clinical Heads of Units (CHUs) of specialist departments at Dora Nginza, Livingstone and Provincial hospitals yesterday (See: East Cape Doctors draw the line in the sand with Health Department) some sobering facts around the pitiful state of our Department of Health emerged some of which would, in a normal business, send dire warnings to sharholders to bail with extreme prejudice: Asof 1 July the casualty department at Dora Nginza will stop running if no staff … [Read more...] about 80% of SA’s Population Serviced by 18% of SA’s Doctors
