Introduction
The Public Service Act, 1994, as amended by the Public Service Amendment Act of 1999, established provincial departments in schedule 2. The Provincial Treasury, commonly referred to as the Department of Finance, is listed in that same schedule. In addition to that, National Government introduced the Public Finance Management Act, Act 1 of 1999, as amended by Act 29 of 1999, (PFMA) which provides for the establishment of a Provincial Treasury in terms of section 17.
The PFMA introduced a concept where the MEC is the Head of Treasury. The MEC is responsible for policy decisions relating to the Provincial Treasury while the Head of Department receives delegations from the MEC and performs certain powers and functions provided for in the PFMA and its regulations.
"The KwaZulu-Natal Treasury is led by Ms Ina Cronje, who is the MEC for Finance in the Province, while Mr SL Magagula is the Acting Head of Department. They are ably assisted by three Senior General Managers ; Ms M. Motaung (Internal Audit), Mr SL. Magagula (Resource Management) and Mr H. Conradie (Financial Management). Mr Conradie is also the Accounting Officer and the Provincial Accountant-General.
Vision
Be the centre of excellence in financial and fiscal management in the country.
Mission
We, the Provincial Treasury will empower our people through:
Core Values
Accountability, efficiency, service excellence, financial discipline, professionalism and support. Core Functions of the Department