The Public Finance Management Act (PFMA) increased emphasis on upholding transparency in government expenditures and heightened scrutiny of public agreements by the judiciary. It is therefore of utmost importance for both public and private stakeholders to receive clear guidance regarding the interpretation and extent of essential clauses within the PFMA.
This legal framework is applicable not only to the government in the narrow sense, which includes government departments and municipalities, but also extends to public entities. These entities encompass state-owned companies, regulatory or service-delivery agencies, and municipal entities.
Our advisory services
The Werksmans team has extensive experience in advising clients from the public and private sector on various aspects of public finance. We work on matters which include the allocation of public funds, the fiduciary responsibilities of accounting officers and accounting authorities, the obligations of government and public-sector employees regarding financial management, the procedures for public procurement and provisioning, as well as public-private partnerships.
