Page 222 - SAMRC Annual Report 2024-2025

PFMA Quantitative Qualitative
Section [Amount] [Nature]

d) acquisition or disposal of a Qualifying transactions exceeds R15Mil Any asset that would increase or
significant asset; (based on 1% – 2% guidance of total average decrease the overall operational
SAMRC assets, as at 31 March 2023). functions of the SAMRC, outside of
the approved strategic plan
Including Financial Leases and budget.
e) commencement or cessation Any activity not covered by the mandate/core Full particulars to be disclosed to
of a significant business activity; business of the SAMRC and that exceeds the the Minister of Health and Minister
and R15Mil transaction value (based on 1% – 2% of Finance (National Treasury) for
guidance of total average SAMRC assets, as approval (simultaneous submission).
at 31 March 2023).

f) a significant change in the Qualifying transactions exceeds R15Mil
nature or extent of its interest in (based on 1% – 2% guidance of total SAMRC
a significant partnership, trust, assets, as at 31 March 2023)
unincorporated joint venture or
similar arrangement.

Section 55: Annual report and financial statements
2) The annual report and financial statements referred to in subsection (1) (d) (“financial statements”) must –
b) fairly present the state of affairs of the Public Entity, its business, its financial results, its performance against
predetermined objectives and its financial position as at the end of the financial year concerned;

b) include particulars of–

PFMA Quantitative Qualitative
Section [Amount] [Nature]
(v) any material losses through criminal All instances • Report quarterly to the Minister of
conduct and any irregular expenditure Health.
and fruitless and wasteful expenditure that • Report annually in the Annual
occurred during the financial year: Financial Statements

(v) any criminal or disciplinary steps taken as
a consequence of such losses or irregular
expenditure or fruitless and wasteful
expenditure;
(v) any losses recovered or written off;
(v) any financial assistance received from the
state and commitments made by the state
on its behalf; and
(v) any other matters that may be prescribed. All instances, as prescribed

220 SAMRC ANNUAL REPOR T 2024-25