Statistics Act, 1999
R 385
Road Traffic Management Corporation Act, 1999 (Act No. 20 of 1999)Chapter 3 : Funding25. Financial viability |
| (1) | The chief executive officer is the accounting officer of the Corporation and must ensure that the expenses of the Corporation do not exceed its income. |
| (2) | The Shareholders Committee or the board, as the case may be, must ensure that any directive issued in terms of section 13 falls within the parameters of the business and financial plan. |
| (3) | The Shareholders Committee must obtain the concurrence of the Minister of Finance and every MEC responsible for finance to place at the disposal of the Corporation additional funding from either the national budget or a provincial budget in respect of— |
| (a) | any directive that has financial implications not foreseen in the business and financial plan; or |
| (b) | any cost or expense which— |
| (i) | is a direct result of any directive issued by the Shareholders Committee or the board, as the case may be; and |
| (ii) | the Corporation cannot readily recover from users of road traffic services or any other person who has benefited from any action taken by the Corporation in complying with that directive. |
