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South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)

Chapter 5 : Financial Matters, Reporting and Accountability

33. Submission of quarterly reports and corporate plans

 

(1) The Board must submit quarterly reports to the Minister
(a) at the end of each quarter; and
(b) which must illustrate how the national water policy and plans are complied with.

 

(2) The Board must revise its corporate plan annually, and must—
(a) take national water policy into consideration; and
(b) at least 30 working days before the beginning of each financial year, make a copy of the corporate plan available to the Minister.

 

(3) The Minister may—
(a) within 60 working days after receiving a copy of a prepared corporate plan; or
(b) within 30 working days after receiving a copy of a revised corporate plan, make comments on the plan to the Board.

 

(4) The Board must consult in good faith with the Minister, following communication to it of the Minister’s comments, and must make any changes to the corporate plan that are agreed upon by the Minister and the Board.

 

(5) The Minister may, from time to time, direct the Board to include in, or omit from, a corporate plan, any matter, including a financial matter.

 

(6) Before giving a directive under this section, the Minister must consult with the Board as to any matter to be included or omitted in the directive.

 

(7) The Board must comply with a directive given under this section, unless adequate financial arrangements cannot be made to fund the implementation of the directive.

 

(8) The Minister must table in Parliament, the revised corporate plan every year once the initial corporate plan has been determined and approved by the Minister in terms of this section.