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2ND ADJUSTMENTS APPROPRIATION ACT GAZETTED FOR 2O22/23
- 01 April 2023
- New Legislation
- SA Legal Academy
The Second Adjustments Appropriation (2022/2023 Financial Year) Act has been gazetted – the Bill concerned having been signed into law within three days of being passed by Parliament.
According to a National Assembly Standing Committee on Appropriations report tabled in the House on 17 March 2023, the Act provides for additional allocations of:
- R1bn to the Department of Public Enterprises ‘for a settlement agreement reached between the South African Airways businesses rescue practitioners and the airline’s creditors … (regarding) a gradual payment of historical debts’
- R2.4bn to the Department of Communications & Digital Technologies ‘for the recapitalisation of the South African Post Office SOC Limited’
- R5bn to National Treasury ‘for the purchase of equity from the Land & Agricultural Development Bank of South Africa’
- R300m to the Department of Home Affairs for supporting ‘the operation of political parties’, and
- R4.5bn to cover ‘the carry-through costs of the 2022 public service wage increases’.
For more information, please click the links provided below:
- Act
- committee report (page 38 of the parliamentary papers)
Published by SA Legal Academy Policy Watch
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