Asset and Liabilities Management: Overview
Asset and Liabilities Management gives policy direction and facilitates the effective and efficient management of financial systems, physical and financial assets, public private partnerships and liabilities in the provincial and municipal spheres.
Provincial Government Supply Chain Management assists provincial institutions to build capacity and enforce good governance practices in supply chain and moveable asset management, better procurement planning to achieve efficiency gains and value for money and enhancing relationships with suppliers.
Local Government Supply Chain Management oversees the improvement of municipal capacity and performance to a level 3+ financial capability for supply chain (SCM) and moveable asset management. They are responsible for driving, assessing and assisting municipalities in the effective and efficient management of supply chain and moveable asset management in terms of the MFMA.
Supporting and Interlinked Financial Systems implements, manages and oversees provincially operated financial systems and the transition to appropriate systems.
Liabilities Management consists of the following components:
- Borrowing: facilitates effective and efficient liabilities management.
- Financial Asset Management: determines policy to drive, assess and assist departments and municipalities in the effective and efficient management of financial assets.