Financial and Fiscal Commission (FFC)

Contact Details

Physical: 2nd Floor, Montrose Place, Waterfall Park, Bekker Street, Vorna Valley, Midrand
Postal: Private Bag X69, Halfway House, 1685
Tel: 011 207 2300
Fax: 011 207 2344
Web:

Overview

The Financial and Fiscal Commission (FFC) is an independent and impartial advisory institution, which the government has to consult with regard to the division of revenue among the three spheres of government and in the enactment of legislation pertaining to provincial taxes, municipal fiscal powers and functions, and provincial and municipal loans.

The strategic direction of the Commission is reflected in its Corporate Strategic Plan and in the Estimates of National Expenditure. It is informed by, among others: the Commission's strategic outcomes-orientated goals of a sustainable and equitable system of Intergovernmental Fiscal Relations (IGFR); a ‘no surprises' and future-orientated approach to its endeavours; the making of evidence-based recommendations on effective policies; comprehensive and value-added engagement with stakeholders; creating knowledge that is relevant and that enhances the developmental impact of public resources, through mobilising a balance of internal and external specialist talent that is commensurate with the needs of the Commission; creating and nurturing a dynamic, productive organisational culture; and balancing present and future demands so that effective performance ensues within the constraints of available resources.

Office Bearers/Management

Chairperson
Mr B Khumalo

Chairperson:
Mr Bongani Khumalo (Acting Chairperson and Chief Executive)
Deputy Chairperson:
n/a
Commissioners:
Mr Kenneth Fihla
Mr Krish Kumar
Mr Sipho Lubisi
Prof Gilingwe Mayende
Dr Sibongile Muthwa
Prof Daniel Plaatjies
Prof Nico Steytler
Chief Executive Officer:
Mr Bongani Khumalo
Chief Financial Officer:
Mr Mavuso Vokwana
Senior Management:
Dr Ramos Mabugu
Mr Anton van Niekerk (Corporate Services Manager)
Communications Officers:
Ms Ansuyah Maharaj Dowra (Commission Secretary)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEClean AuditFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assets3 6693 3052 3541 339
Non-Current Assets1 3748538801 103
Total Assets5 0434 1583 2342 442
Current Liabilities2 8363 0422 4023 058
Non-Current Liabilities1291349458
Total Liabilities2 9663 1762 4963 116
Total Net Assets2 077982738(674)
 
FINANCIAL PERFORMANCE
Total Revenue43 73446 75340 32537 494
Revenue from Exchange Transactions1 314213--
Revenue from Non-Exchange Transactions42 42046 54040 32537 494
Total Expenditure(42 639)(46 508)(38 913)(35 351)
Employee Costs(26 046)(21 947)(20 809)(20 383)
Surplus/(Deficit) for Year1 0952441 4122 143
 
CASH FLOW
Net Cash Flows from Operating Activities9751 3111 0331 489
Net Cash Flows from Investing Activities(620)(54)248353
Cash & Cash Equivalents at End of Year3 6613 3052 0481 263
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure--800490
Fruitless & Wasteful Expenditure----
 
HUMAN RESOURCES
Posts Approved323132n/a
Posts Filled322730n/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@nationalgovernment.co.za so that we can correct them.
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