Website National Treasury
The National Treasury is responsible for managing South Africa’s national government finances. Supporting efficient and sustainable public financial management is fundamental to the promotion of economic development, good governance, social progress and a rising standard of living for all South Af… read morericans. The Constitution of the Republic (Chapter 13) mandates the National Treasury to ensure transparency, accountability and sound financial controls in the management of public finances. The National Treasury’s legislative mandate is also described in the Public Finance Management Act (Chapter 2). The National Treasury is mandated to promote government’s fiscal policy framework; to coordinate macroeconomic policy and intergovernmental financial relations; to manage the budget preparation process; to facilitate the Division of Revenue Act, which provides for an equitable distribution of nationally raised revenue between national, provincial and local government; and to monitor the implementation of provincial budgets. As mandated by the executive and Parliament, the National Treasury will continue to support the optimal allocation and utilisation of financial resources in all spheres of government to reduce poverty and vulnerability among South Africa’s most marginalised. Over the next 10 years National Treasury priorities include increasing investment in infrastructure and industrial capital; improving education and skills development to raise productivity; improving the regulation of markets and public entities; and fighting poverty and inequality through efficient public service delivery, expanded employment levels, income support and empowerment. 120 Plein Street Cape Town
Qualification/s Requirements
A Grade 12 is required, coupled with a coupled with LLB degree or equivalent to four-year Bachelor’s. degree in law (equivalent to NQF level 8);
A minimum 4 years’ experience of which 2 years should be at an Assistant Director level or equivalent working experience obtained in public entities corporate governance environment;
Knowledge and experience in application of the PFMA, Companies Act, King Code and other relevant prescripts; and
Knowledge of government policies and frameworks governing public entities.
Key Performance Areas
Public Entity Prescripts Review:
Develop and review National Treasury public entity oversights framework, governance protocols, compliance matrix, etc; and
Review and or provide inputs on the review of the public entities enabling legislation, memorandum of incorporation, dividend policies, and remuneration policies, etc.
Promote Good Corporate Governance:
Provide recommendations on appointment of members of boards and executive management in line with the entities enabling legislations or memorandum of incorporations;
Provide recommendations on remuneration of executive and non-executive directors of public entities in line with remuneration guidelines, and policies as well as applicable legislation;
Provide recommendations on the performance evaluations of boards; and
Coordinate annual general meetings and provide advice on matters to be transacted at the annual general meetings.
Public Entities Compliance Monitoring:
Facilitate the submission and maintain a database of annual performance plans, corporate plans, strategic plans, shareholder compacts, and annual reports;
Monitor compliance with enabling legislation, PFMA, Companies Act King Code and other relevant prescripts through review the corporate governance aspects of the annual performance plans, corporate plans, strategic plans, shareholder compacts, and annual reports;
Review and process applications in terms of section 52,55 and 92 of the PFMA applications from public entities.
Provide inputs on the tabling of annual performance plans, corporate plans, strategic plans, shareholder compacts, and annual reports;
Maintain a database on dividends declared and received by government emanating from the SOE’s projected dividends within a particular MTEF; and
Provide governance services to all other schedule 2 and 3Bs entities.
Coordination of Contingent Liability:
Provide secretariat services to the Fiscal Liability Committee.
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Apply via company website ( http://www.treasury.gov.za ) or