Seventh Amendment of the Constitution of South Africa

Act to amend the Constitution of the Republic of South Africa, 1996, so as to provide for the introduction, only by the Cabinet member responsible for national financial matters, of certain financial legislation in the National Assembly; to extend the definition of a money Bill; to regulate the withholding of funds by the national treasury if organs of state commit a serious and material breach of legislation prescribing treasury norms and standards; to provide that the enactment of national framework legislation governing the policies of organs of state on preferential procurement should be obligatory; to provide for the enactment of national framework legislation in connection with the withdrawal of money as direct charges against a Provincial Revenue Fund and certain payments from a Provincial Revenue Fund to municipalities; to reduce the number of members of the Financial and Fiscal Commission and to change the appointment procedure; to make provision for provincial borrowing powers; and to provide for matters connected therewith.