Basic Conditions of Employment Act, 1997
R 385
South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)23. Application of Public Finance Management Act |
| (1) | The Post Office is subject to the Public Finance Management Act. |
| (2) | The Board must ensure that the provisions of the Public Finance Management Act, in particular sections 52 (submission of annual budget and corporate plan) and 55 (annual reporting on financial affairs), are duly complied with. |
(3)
| (a) | The Minister must table in Parliament the annual report and financial statements of the Post Office and its subsidiaries, contemplated in section 55 of the Public Finance Management Act— |
| (i) | within 14 days after receiving the report, if Parliament is in session; or |
| (ii) | if Parliament is not in session, within 14 days after the commencement of the next Parliamentary session. |
| (b) | The annual report and financial statements must clearly differentiate between the annual report and financial statements of the Post Office and those of its subsidiaries. |
| (4) | The Board must submit such other accounts, reports and statements as the Minister or the Minister of Finance, or both, may require. |
