# Summary

- Link: https://dearsouthafrica.co.za/special-appropriation-bill-2019/summary-2/
- Published: 2019-08-30T11:56:24+02:00
- Author: dearSA

[ HAVE YOUR SAY ON THE SPECIAL APPROPRIATION BILL](https://dearsouthafrica.co.za/special-appropriation-bill-2019/)

**To appropriate an additional amount of money for the requirements of the Department
of Public Enterprises to assist Eskom Holdings SOC Limited with its financial obligations
5 and to provide for matters connected therewith.**

BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:
 APPROPRIATION
OF ADDITIONAL AMOUNT OF MONEY FOR REQUIREMENTS OF PUBLIC ENTERPRISES

(1)(a) An amount of **R59 billion** is hereby appropriated out of the National
 
Revenue Fund for the requirements of the Department of Public Enterprises, of which;(
i) R26 billion is for the 2019/2020 financial year; and (ii) R33 billion is for 
the 2020/2021 financial year. (b) The money contemplated in paragraph (a) must be
transferred to Eskom in each financial year to assist Eskom with its financial obligations.

(2)(a) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), the
accounting officer of the Department of Public Enterprises must transfer to Eskom
the amount, referred to in subsection
 (1), in the portions and on such dates as
the Minister of Finance determines, taking into account the financial position of
Eskom as verified by the National Treasury. (b) For the purpose of promoting transparency
and the effective management of the amount referred to in subsection (1), the Minister
of Finance, in writing— (i) may impose conditions to be met by Eskom before any 
part of the amount is transferred; (ii) must impose conditions to be met by Eskom
after the transfer of any part of the amount; and (iii) must stop the use of any
part of the amount in respect of which conditions have been imposed in terms of 
subparagraph (ii), until such 3 conditions are met. (c) The National Treasury must
disclose the stoppage of an allocation in terms of paragraph (b)(iii) in its next
quarterly report to the Standing Committee on Finance of the National Assembly and
the Select Committee on Finance of the National Council of Provinces. (d) Any part
of the amount referred to in subsection (1) not transferred to Eskom by the end 
of the relevant financial year reverts to the National Revenue Fund.

## DOWNLOAD DOCUMENTS

 * [SPECIAL APPROPRIATION BILL ](http://pmg-assets.s3-website-eu-west-1.amazonaws.com/B10-2019_Special_Appropriation.pdf)