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QUESTION TWO a) 'The Public Financial Management (PFM) Act, 2016 (Act 921) was introduced to ensure that Public Funds and resources are properly safeguarded and

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QUESTION TWO a) 'The Public Financial Management (PFM) Act, 2016 (Act 921) was introduced to ensure that Public Funds and resources are properly safeguarded and are used economically, efficiently, effectively and with due propriety. Required: State and explain FOUR (4) ways in which public financial resources can be safeguanced under the PFM Act 2016. (10 marks) b) Section 22 of the Public Procurement Act 2003, as attended by Act 914 of 2016 requires Enderers to possess certain qualifications. Required: State and explain FIVE (5) qualifications of Tenderers under the Public Procurement Act 1/03. (10 marks) (Total: 20 marks)

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