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Public Finance Management Act (PFMA)

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No. of Courses: 2

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Program Duration (CPD Hours): 43 Mins

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Languages: English

About the Program

This program provides a comprehensive introduction to the Public Finance Management Act (PFMA) and its role in strengthening good governance, accountability, and transparency within South African public sector institutions. It explores the purpose and objectives of the PFMA, including efficiency and compliance in public financial management, and examines the institutions required to comply with the Act. The program also covers the PFMA accountability chain by explaining the roles and responsibilities of key stakeholders such as National and Provincial Treasuries, Ministers, MECs, Accounting Officers, boards, and councils, enabling learners to understand how governance structures work together to ensure effective oversight and sound financial management in the public sector.

Course List

Introduction to Mastering the Public Finance Management Act (PFMA)

This course provides an introduction to the Public Finance Management Act (PFMA) and its role in promoting good governance within South African public sector institutions. Learners will explore the purpose of the PFMA, why it was enacted, and which institutions are required to comply with it. The course also explains the Act’s key objectives, including efficiency, transparency, and accountability in public financial management. Through practical scenarios, learners will develop the ability to assess compliance and non-compliance with PFMA principles in real-world contexts.

Key Role Players

This module introduces learners to the key role players in the Public Finance Management Act (PFMA) and how their responsibilities work together to ensure effective accountability and sound financial governance in the public sector. Learners will explore the PFMA accountability chain, including the roles of National Treasury, Provincial Treasuries, Ministers, MECs, Accounting Officers, boards, and councils. The module explains how these stakeholders contribute to oversight, compliance, and day-to-day financial management, helping learners understand how governance structures support transparency and accountability in public finance.

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