Promotion of Access to Information Act, 2000
R 385
South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 4 : Chief Executive Officer and Chief Financial Officer23. Appointment and functions of Chief Executive Officer and Chief Financial Officer |
(1)
| (a) | The Board must recommend no less than two persons for the appointment of Chief Executive Officer. |
| (b) | The Minister must, after considering the recommendations of the Board, appoint a Chief Executive Officer within six months of— |
| (i) | the initial appointment of the Board following the commencement of this section; or |
| (ii) | a vacancy occurring in the office of the Chief Executive Officer, to ensure that the Agency meets its objects. |
| (c) | The Minister may call for further recommendations from the Board— |
| (i) | if the recruitment process did not meet the requirements set out in subsection (2); or |
| (ii) | if, in the opinion of the Minister, the persons recommended by the Board are not suitable for appointment. |
| (2) | The Chief Executive Officer must— |
| (a) | be appointed after an open and transparent recruitment process; |
| (b) | be a fit and proper person with appropriate qualifications and experience which are relevant to ensure the efficient and effective execution of the functions of the Agency; and |
| (c) | not be disqualified on the grounds contemplated in section 13(1). |
| (3) | The Chief Executive Officer must— |
| (a) | manage the affairs and day-to-day business of the Agency; |
| (b) | implement the policies and strategies and carry out the decisions of the Board; |
| (c) | recruit and manage the employees of the Agency; |
| (d) | develop an efficient and cost-effective administration; and |
| (e) | act subject to the instructions and directives that the Board may issue. |
| (4) | The Chief Executive Officer must, with the approval of the Board, appoint a Chief Financial Officer after an open and transparent recruitment process by inviting applications for the post of Chief Financial Officer. |
| (5) | The Chief Financial Officer must— |
| (a) | ensure that risk management policies and procedures of the Agency are in place; |
| (b) | assist the Board to comply with its responsibilities in terms of the Public Finance Management Act; |
| (c) | ensure that all money payable to the Agency is properly collected; |
| (d) | ensure that all money spent by the Agency is properly spent and authorised; |
| (e) | ensure that there is adequate control over all assets acquired for the purposes of the Agency; |
| (f) | ensure that all liabilities incurred on behalf of the Agency are properly authorised; |
| (g) | ensure the efficiency and economy of operations and avoidance of fruitless and wasteful expenditure; |
| (h) | ensure that the financial system is in line with generally accepted accounting practices and procedures; and |
| (i) | ensure that an adequate budgeting and financial system is in place. |
