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South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)

6. Performance agreement of Post Office and subsidiaries

 

 

(1) The Post Office must annually by a date determined by the Minister conclude a performance agreement with the Minister in terms of which the performance of the functions of the Post Office will be measured for the following year.

 

(2)

(a) The Post Office must, after concluding the agreement contemplated in subsection (1), conclude a performance agreement with its subsidiaries in terms of which the performance of the subsidiaries will be measured for the following year.
(b) The Post Office must provide the Minister with copies of such performance agreements.

 

(3) Subsidiaries must on a quarterly basis submit performance reports to the Post Office.

 

(4) The Post Office must on a quarterly basis submit a performance report to the Minister, which must include the performance reports contemplated in subsection (3).