Special Adjustments Appropriation Act (2007/08 financial year) Act

Link to law: http://www.gov.za/documents/special-adjustments-appropriation-act-200708-financial-year-act
Published: 2007-10-02

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Special Adjustments Appropriation Act (2007/08 financial year) Act 16 of 2007


Government Gazette
REPUBLIC OF SOUTH AFRICA

Vol. 508 Cape Town 2 October 2007 No. 30339
THE PRESIDENCY No. 913 2 October 2007
It is hereby notified that the President has assented to the following Act, which is hereby published for general information:–
No. 16 of 2007: Special Adjustments
Appropriation Act (2007/08 Financial
Year), 2007.


ACT To provide for the appropriation of additional funding for the requirements of Sport and Recreation South Africa, the Department of Agriculture, the Depart- ment of Communications and the Department of Public Enterprises in respect of the 2007/08 financial year; and to provide for matters incidental thereto.
BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Appropriation of additional funding for requirements of Sport and Recreation South Africa
1. (1) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), an amount of Rl 905 million is hereby appropriated out of the National Revenue Fund for the requirements of Sport and Recreation South Africa in respect of the 2007/08 financial year, as set out in the Schedule.
(2) The money contemplated in subsection (1) must be transferred as additional allocations to the host cities of the 2010 World Cup under the 2010 FIFA World Cup Stadiums Development Grant provided for in the Division of Revenue Act. 2007 (Act No. 1 of 2007).
Appropriation of additional funding for requirements of Department of Agricul- ture
2. (1) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), an amount of R700 million is hereby appropriated out of the National Revenue Fund for the requirements of the Department of Agriculture in respect of the 2007/08 financial year, as set out in the Schedule.
(2) The money contemplated in subsection (1) must be transferred to the Land Bank for the recapitalisation of the Land Bank, subject to such conditions as the Minister of Finance may determine.
Appropriation of additional funding for requirements of Department of Commu- nications
3. (1) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), an amount of R500 million is hereby appropriated out of the National Revenue Fund for the requirements of the Department of Communications in respect of the 2007/08 financial year, as set out in the Schedule.
(2) The money contemplated in subsection (1) must be transferred to Sentech Ltd as a capital contribution towards the infrastructure requirements associated with establish- ing a broadband wireless telecommunications network, subject to such conditions as the Minister of Finance may determine.
Act No. 16, 2007 SPECIAL ADJUSTMENTS APPROPRIATION ACT (2007/08 FINANCIAL YEAR), 2007
Appropriation of additional funding for requirements of Department of Public Enterprises
4. (1) Subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999), an amount of R2 090,273 million is hereby appropriated out of the National Revenue Fund for the requirements of the Department of Public Enterprises in respect of the 2007/08 financial year, as set out in the Schedule.
(2) The money contemplated in subsection (I) must be transferred as follows: (a) R44,7 million to Alexkor Ltd for operational costs and working capital of the
Alexkor Mine for the 2007/08 financial year; (b) R222 million to Denel (Pty) Ltd for the payment of a claim against a
government guarantee granted to Denel SAAB Aerostructures; and (c) Rl 823,573 million to the Pebble Bed Modular Reactor (Pty) Ltd for
operational expenses and existing contractual obligations.
Short title
5. This Act is called the Special Adjustments Appropriation Act (2007/08 Financial Year), 2007.
Act No. 16, 2007 SPECIAL ADJUSTMENTS APPROPRIATION ACT (2007/08 FINANCIAL YEAR), 2007
SCHEDULE
Details of Vote
Vote
18
24
25
30
Sport and Recreation South Africa Aim: To improve the quality of life of all South Africans by promoting
participation in sport and recreation in the country, and through the participation of South African sportspersons and teams in international sporting events
6 2010 FIFA World Cup Unit Of which Conditional Grants to Local Government - 2010 FIFA World Cup Stadiums Development Grant
Agriculture Aim: To lead and support sustainable agriculture and promote rural
development through: ensuring access to sufficient, safe and nutritious food: eliminating skewed participation and inequity in agriculture: maximising growth, employment and income in the sector: improving the sustainable management of natural agricultural resources and ecological systems: ensuring effective and efficient governance: and ensuring knowledge and information management
2 Livelihoods, Economics and Business Development Of which Specifically and exclusively appropriated - Land Bank
Communications Aim: To develop Information Communication Technology (ICT) policies and
legislation that stimulate and improve the sustainable economic development of the South African first and second economies and positively impact on the social wellbeing of all South Africans. The Department also aims to oversee state owned entities, such as the South African Broadcasting Corporation and the Independent Communications Authority of South Africa
4 Finance and Shareholder Management Of which Specifically and exclusively appropriated - Sentech
Public Enterprises Aim: Provide an effective state owned enterprises shareholder management
system and to support and promote economic efficiency and competitiveness for a better life for all South Africans
2 Energy, Broadband Infrastructure and Mining Enterprises Of which Specifically and exclusively appropriated -Alexkor
4 Manufacturing Enterprises Of which Specifically and exclusively appropriated - Denel - Pebble Bed Modular Reactor
TOTAL
Details
R'000
1 905 000
1 905 000
700 000
700 000
500 000
500 000
2 090 273
44 700
2 045 573
5 195 273
of special adjustments appropriation
Current Transfers and Payments for Payments Subsidies Capital Assets
R'000 R'000 R'000
1 905 000
1 905 000
1 905 000
700 000
700 000
700 000
500 000
500 000
500 000
2 090 273
44 700
44 700
2 045 573
222 000 1 823 573
5 195 273