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National Treasury Withholds Equitable Share: City of Johannesburg Implements MFMA Recovery Measures

Following the withholding of its July 2026 equitable share allocation by National Treasury under the Municipal Finance Management Act, the City of Johannesburg has revised its financial recovery strategy to align with MFMA Circulars 111 and 68.

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National Treasury Releases 2026/27 AFS Specimen and MCS Updates

The National Treasury's Office of the Accountant General has issued the 2026/27 Annual Financial Statements (AFS) Specimen to align with the Modified Cash Standard.

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National Treasury Releases Draft 2026/27 Departmental Financial Statement Template

The Office of the Accountant General has published the Draft 2026/27 Departmental Financial Statement Template on the MCS Hub for testing and public comment.

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Draft Bill to Repeal 149 Pre-1994 Justice Laws Tabled

The Department of Justice and Constitutional Development is set to table the Repeal of Certain Pre-1994 Justice Laws Bill in Parliament, targeting 149 redundant statutes.

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