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Special Appropriation Act, 2021 (Act No. 11 of 2021)

3. Adjustment to appropriation of money to vote of Public Enterprises

 

(1) Adjustments to an appropriation of money from the National Revenue Fund to the vote of Public Enterprises in the 2020/21 financial year, are set out in the Schedule.

 

(2) The Minister of Finance may, on request of the Minister of Public Enterprises, approve any portion of an amount referred to in the Schedule for a subsidiary of South African Airways SOC Ltd (SAA) for use by another subsidiary of SAA, referred to in the Schedule, to address urgent funding needs.

 

(3) The approval of the use of funds in terms of subsection (2) must be disclosed in the National Treasury’s next quarterly report to the relevant Parliamentary Committees.

 

(4) Despite the effective date of this Act, the appropriation for the subsidiaries and expenditure thereof, must be regarded as an appropriation and expenditure for the 2020/21 financial year.