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South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 3 : Operation of Authority

28. Business plan

 

(1) The Authority must prepare a business plan at least 90 days before the beginning of each financial year to be approved by the Minister.

 

(2) The business plan must—
(a) include a statement of the short and medium term operational and business objectives of the Authority for at least five years;
(b) outline the strategies and policies that the Authority intends to adopt in order to achieve its objectives; and
(c) include, inter alia, an operational plan, a financial plan, a human resources plan and performance indicators.

 

(3) The financial plan must include estimates of expenditure and revenue for the following financial year.

 

(4) The Authority may amend the business plan with the Minister’s approval.

 

(5) The Minister’s approval under subsection (1) or (4) has effect from the beginning of the financial year concerned.