Official source
Source domain: pmg.org.za
Collected on 3 August 2026
Always confirm details on the official source before acting.
What this means
This document is a PMG (Parliamentary Monitoring Group) webpage summarising the legislative process for the “Division of Revenue Bill (B4-2024)”. It records that the Bill was introduced by the Minister of Finance on 20 February 2024, considered by the National Assembly and NCOP, and passed by the National Assembly on 26 March 2024 and by the NCOP on 9 May 2024. The President assented to the Bill on 2 June 2024, and it became Act No. 24 of 2024, with the Act coming into effect on 3 June 2024 (GG 50743).
Facts
Reference
PMG-BILL-1211
Key Takeaways
- Division of Revenue Bill (B4-2024)
- Section 76: Ordinary Bills affecting the provinces
- Act No 24 of 2024
- Introduced by Minister of Finance: 20 February 2024
- Passed by National Assembly: 26 March 2024
- Passed by NCOP: 9 May 2024
- Assented by President: 2 June 2024
- Act comes into effect: 3 June 2024 (GG 50743)
- National Assembly
- Minister of Finance
- Standing Committee on Appropriations
- National Council of Provinces (NCOP)
- Standing Committee on Appropriations (NCOP Appropriations)
- South African Local Government Association (SALGA)
- Financial and Fiscal Commission (FFC)
- Gold and Foreign Exchange Contingency Reserve Account Defrayal
- GFECRA
- President of South Africa
- The President's Office
- National Treasury
- Parliament of South Africa
- Government Gazette (GG 50743)
Dates
Opening Date
21 February 2024
Closing Date
20 February 2024