Interfront 2024 Annual Report

GENERAL INFORMATION B C D E A Organisational Structure INTERFRONT ORGANOGRAM: BOARD AND COMMITTEES Remuneration, Social and Ethics Committee Audit and Risk Committee Company Secretary Managing Director Interfront Executive Committee BOARD OF DIRECTORS Legislative and other Mandates Interfront is designated as a public entity under Schedule 3A of the Public Finance Management Act, No. 1 of 1999 (PFMA), and as a state-owned company under the Companies Act, No. 71 of 2008. It is regulated by the PFMA, the Companies Act, and the Treasury Regulations. As a wholly owned subsidiary and strategic partner of SARS, Interfront plays a crucial role in helping SARS fulfil its constitutional and legislative duties. Interfront contributes significantly to the design, development and maintenance of essential software systems, enabling SARS to execute its mandated responsibilities effectively. Through this partnership, Interfront supports SARS in achieving regulatory compliance, enhancing operational efficiency, and meeting its organisational goals, thereby upholding high standards of service delivery. Legislative and Policy Mandates No significant changes were made to policies or legislation affecting Interfront’s operations. However, the mandate and operational scope of Interfront were expanded during the previous financial year (2022/2023). Relevant Court Rulings There were no court rulings impacting Interfront as a corporation or its operations. This indicates that Interfront did not encounter any legal challenges that could disrupt its business activities.