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COST CONTAINMENT Policy implementation as from 1 July 2020 (The Local Government: MFA Municipal Cost Containment Regulations, 2019 is effective from 1 July 2019)1TABLE OF CONTENTS 1.DEFINITIONS32.OBJECTIVE
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Cost containment regulations are rules put in place to control and reduce expenses within a certain sector or industry.
Certain businesses or organizations within the specified sector are required to file cost containment regulations.
Cost containment regulations can be filled out by providing all the necessary financial information and data as required by the regulations.
The purpose of cost containment regulations is to ensure that expenses are kept under control and to prevent unnecessary spending within the sector.
Information such as financial records, expenses, cost-saving measures, and any other relevant data may need to be reported on cost containment regulations.
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