National Treasury: Guidelines – Public-Private Partnerships (PPPs)

National Treasury: Guidelines – Public-Private Partnerships (PPPs)

• 25 November 2025
• Accounting
• South African Accounting Academy

Summary:
National Treasury has published the Fiscal Commitments and Contingent Liabilities (FCCL) and Unsolicited Bid Proposal (USP) Guidelines for Public-Private Partnerships (PPP) projects.

Article:

National Treasury continues to implement the recommendations from the comprehensive review of the Public Private Partnership (PPP) regulatory framework. 

These recommendations and guidelines seek to improve the PPP policy, and legal and regulatory frameworks; strengthen institutional arrangements; and improve the reporting of fiscal risks and contingent liabilities. 

According to an accompanying media statement, the guidelines are expected to improve decision-making and safeguard public finances by facilitating:

• a more rigorous and standardised fiscal risk assessment process
• consistent and transparent reporting across institutions, and
• improved monitoring governance throughout the lifecycle of a project.

The Guidelines are applicable to new and existing PPPs to ensure a uniform and comprehensive fiscal management approach.

Access the 113-page FCCL guideline at https://www.treasury.gov.za/comm_media/press/2025/Framework%20and%20Guidelines%20for%20Management%20of%20FCCLs.pdf 

Click here to download the 81-page USP Guideline:

https://www.treasury.gov.za/comm_media/press/2025/Guidelines%20for%20Management%20of%20Unsolicited%20Proposals.pdf 

Relevance to Auditors, Independent Reviewers & Accountants:

• The PFMA is yet another piece of legislation that your relevant public sector clients must comply with, and which you must assess compliance with.  If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
• Relevant institutions must comply with FCCL requirements set out in the Public Finance Management Act (PFMA). 
• Practitioners should be aware of the latest guidance that has been published by National Treasury.
• The Guideline is applicable to new and existing PPPs to ensure a uniform and comprehensive fiscal management approach.

Relevance to Your clients:

• Relevant institutions must comply with FCCL requirements set out in the Public Finance Management Act (PFMA). 
• The Guideline is applicable to new and existing PPPs to ensure a uniform and comprehensive fiscal management approach.
• The Public Private Partnerships regulatory framework must be adhered to, and recommendations implemented.
• Municipal entities should be aware of the latest guidance that has been published by National Treasury.

0 COMMENTS

LEAVE A COMMENT