South Africa, Oct. 2 -- Following the recent directive from the Minister of Sport, Arts and Culture to dissolve the Council, the Ministry has confirmed the temporary activation of Section 49(3) of the Public Finance Management Act (PFMA).

"Under this emergency statutory mechanism, the incoming CEO will concurrently serve as the Acting Accounting Authority for the public entity.

As the designated Accounting Authority, the incoming CEO has the statutory power to execute fiduciary sign-offs, ensuring the critical quarterly core funding allocation cycles and Presidential Employment Stimulus Programme (PESP) disbursements.

"This administrative mechanism ensures that independent film practitioners, production houses, and crew members across ...