Government has put in place a Financial Disclosure Framework for all Middle Management Staff (MMS), Senior Management Staff (SMS) and all employees entrusted with public funds. This framework is aimed at preventing conflict of interests by requiring designated employees to disclose their financial interests.The said employees are required to disclose shares and other financial interests held in any private or public company or any other corporate entity recognised by the law.
The said employees are also required to disclose their directorships, partnerships the name, and type of business activity, of the corporate entity or partnership and the amount of any remuneration received for such directorship or partnership.
Designated employees are further required to disclose details with regard to remunerated work outside the public service, consultancies and retainerships;
Sponsorships, Gifts and hospitality from a source other than a family member with a value in excess of R350; discount prices or rates that are not available to the general public; interests in land and property (residential or otherwise both inside and outside the Republic.
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