Page 229 - SAMRC AnnualReport 2025-26

G O V E R NAN C E

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 2024). functions of the SAMRC, outside
of the approved strategic plan
Including Financial Leases and budget.

e) commencement or cessation of Any activity not covered by the mandate/ Full particulars to be disclosed to
a significant business activity; core business of the SAMRC and that the Minister of Health and Minister
and exceeds the R15Mil transaction value (based of Finance (National Treasury) for
on 1% – 2% guidance of total average approval (simultaneous submission).
SAMRC assets, as at 31 March 2024).
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 2024).
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 –

a) 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]

(i) any material losses through criminal conduct All instances › Report quarterly to the Minister
and any irregular expenditure and fruitless of Health.
and wasteful expenditure that occurred › Report annually in the
during the financial year: Annual Financial Statements
(ii) any criminal or disciplinary steps taken as
a consequence of such losses or irregular
expenditure or fruitless and wasteful
expenditure;
(iii) any losses recovered or written off;

(iv) 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

SA M R C A N N U A L R EP O R T 2 0 2 5 / 2 0 2 6 227