Page 228 - SAMRC AnnualReport 2025-26

SAMRC’S MATERIALITY AND SIGNIFICANCE
FRAMEWORK: 2025/2026

The proposed Materiality and Significance Framework for the SAMRC, in terms of the Treasury Regulation 28.3.1
and the National Treasury Practice Note on Applications under of Section 54 of the Public Finance Management
Act (PFMA), is as follows –

Section 50: Fiduciary duties of accounting authorities:
1) The accounting authority for a public entity must –

PFMA QUANTITATIVE QUALITATIVE
SECTION [AMOUNT] [NATURE]

(c) on request, disclose to the executive Disclose all material The Board will disclose to the National
authority responsible for that public entity or facts. Department of Health all material facts as
the legislature to which the public entity is requested and all material facts not requested,
accountable, all material facts, including those including those reasonably discoverable, which
reasonably discoverable, which in any way in any way may influence the decisions or
may influence the decisions or action of the action of the National Department of Health,
executive authority or that legislature; at the discretion of the Board.

Section 51: General responsibilities of accounting authorities:
1) An accounting authority for a public entity –

PFMA QUANTITATIVE QUALITATIVE
SECTION [AMOUNT] [NATURE]
(g) must promptly inform the National Treasury Disclose all material Full particulars to be disclosed to the Minister
on any new entity which that public entity facts timeously. of Health for approval after which it is to be
intends to establish or in the establishment presented to Treasury.
of which it takes the initiative, and allow
the National Treasury a reasonable time
to submit its decision prior to formal
establishment; and

Section 54: Information to be submitted by accounting authorities:
2) Before a Public Entity concludes any of the following transactions, the Accounting Authority for the Public
Entity must promptly and in writing inform the relevant Treasury of the transaction and submit relevant
particulars of the transaction to its Executive Authority for approval of the transaction:

PFMA QUANTITATIVE QUALITATIVE
SECTION [AMOUNT] [NATURE]
a) establishment of a company; Any proposed establishment of a legal entity. Full particulars to be disclosed to the
Minister of Health for approval and
b) participation in a significant Qualifying transactions exceeds R15Mil National Treasury for noting
partnership, trust, (based on 1% – 2% guidance of total average
unincorporated joint venture SAMRC assets, as at 31 March 2024).
or similar arrangement;
This includes research collaborative
arrangements
c) acquisition or disposal of a Greater than 20% of shareholding.
significant shareholding in a
company;

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