SIMPHIWE THOBELA | Player becomes referee: when law collides with basic corporate governance

The Public Finance Management Act is one of the simplest written pieces of legislation, but some areas need to go back to the drawing board

24 June 2025 - 04:30 By Simphiwe Thobela

The Public Finance Management Act of 1999, is one of the crucial pieces of legislation that governs the public sector, if not the most important. There are also views that it’s the most complex and at times, some argue, a stifling legislation. I argue upfront that it’s one of the simplest written pieces of legislation. However, some areas need attention as it’s not practical to have a perfect legislation...

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