Implementation of Geneva Conventions Act, 2012
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 8 : Loans, Guarantees and other CommitmentsPart 1 : General principles67. No provincial foreign commitments |
A provincial government, including any provincial public entity, may not borrow money or issue a guarantee, indemnity or security or enter into any other transaction that binds itself to any future financial commitment, denominated in a foreign currency or concluded on a foreign financial market.
