Ethical Leadership in the Public Sector

Corporate Governance

The Public Finance Management Act (PFMA) 1999, imposes stringent reporting and financial accountability provisions in respect of government departments and state owned entities

Public Finance Management Act

The Act promotes the objective of good financial management in order to maximize service delivery through the effective and efficient use of the limited resources.

Main objective of PFMA

Modernize the system of financial management in the public sector;

Enable public sector managers to manage, but at the same time be held more accountable;

Ensure the timely provision of quality information;

Eliminate the waste and corruption in the use of public assets.

Key objectives of the Act