FINANCE DIRECTORATE
SHAREHOLDING MANAGEMENT DEPARTMENT
MUNICIPAL ENTITY
QUARTERLY NEWSLETTER
Analyst
2011/2012 Quarter 1: July 2011 – 30 September 2011, ISSUE NO. 18
As parent municipality to the municipal entities we aim to keep our municipal entity boards of directors
and staff abreast of all current news, legislation and policies directly affecting the municipal entities.
This will enable directors to be continuously informed as well as ensuring that we meet the legislative
requirement as parent municipality to ensure that both the municipality and the municipal entity
comply with the Municipal Systems Act, the Local Government: Municipal Finance Management Act and
any other applicable legislation.
THE LOCAL GOVERNMENT LEGISLATION:
THE MUNICIPAL FINANCE MANAGEMENT ACT
Companies Act, 2008 inconsistencies with MFMA
Section 5(4) of the Companies Act states that the provisions of the Act and the MFMA apply
concurrently and if it is impossible to apply with one without contravening the other then the MFMA will
apply.
City of Cape Town 2011/2012 Budget
The full City of Cape Town Budget is available at:
http://www.capetown.gov.za/en/Budget/Pages/Budget2011-2012.aspx
LEGISLATION:
Guidelines in terms of the Protected Disclosures Act, 26 of 2000
The Department of Justice has published a useful guideline for employees in terms of the Protected
Disclosures Act. This Act is known as the Whistle Blowers Act.
The guideline can be accessed at:
http://www.justice.gov.za/legislation/notices/2011/20110831_gg34572_n702-disclosure-guidelines.pdf
Companies Act: Companies and Intellectual Property Commission
Useful contacts
Company Names:
New Companies:
Cor39 – Directorships:
CK2:
Manager:
Adv. R. Voller – Deputy Commissioner:
emanyelo@cipc.co.za, draidoo@cipc.co.za
lpetersen@cipc.co.za
wlephadi@cipc.co.za
tgundula@cipc.co.za
vnkohla@cipc.co.za
rvoller@cipc.co.za
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GENERAL:
Shareholding Management/ Municipal Entities Web Page
A new web page has been created for Shareholding Management. The page has links to the Web sites
of the City’s municipal entities, as well as links to existing policies and publications.
The web address is:
http://www.capetown.gov.za/en/MunicipalEntities/Pages/default.aspx
Address by Deputy Minister of Finance Nhlanhla Nene, MP at the 2011
Institute of Municipal Finance Officers (IMFO) Annual Conference - 12
September 2011
Deputy Minister of Finance, Nalanhla Nene gave the Keynote Address at the annual IMFO conference at
CTICC on 12 September 2011. He highlighted the drive of the National Finance Department’s
Outcomes Approach to improve public financial sustainability. He also acknowledged the progress
made by municipalities in the area of access to municipal services, water supply, flush toilets and
sanitation.
The full speech is available at:
http://www.treasury.gov.za/comm_media/speeches/2011/2011091201.pdf
Local Government Budgets and Expenditure Review: 2006/07 to 2012/13
National Treasury has conducted its Local Government Budgets and Expenditure Review. This is the
third time National Treasury has published this document. The Review covers municipal spending and
budgets for the period 2006/07 to 2012/13.
This Review builds on the 2006 Review which described the basic fiscal and financial position of the
local government system, and the 2008 Review which largely examined the impact that municipalities
have had on their socio-economic environment.
This Review:
a. Explores some of the contextual differences between rural and urban municipalities; and
b. Highlights the different kinds of development challenges they face and the need for the regulatory
and fiscal frameworks to respond to these differences.
The Review is available at:
http://www.treasury.gov.za/publications/igfr/2011/lg/default.aspx
Please contact Louise Muller (021 4003940) or Richard Wootton (021 4002701) if you have any queries in respect
of this newsletter.
Although every effort is made to check the accuracy and quality of the information supplied, The City cannot be
held responsible for any errors that may arise.
Copyright(c) City of Cape Town 20011. All rights reserved. No part of this newsletter may be reproduced or transmitted in any form
without written permission from the City of Cape Town, Finance Directorate, Shareholding Management Department.
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