Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Marketing, Advertising and Communication (MAC) Sector Charter

2. Constitution of the MAC SA

11. Dissolution
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11.1The MAC SA can only be dissolved if 60% of all voting members give their consent at a duly constituted meeting.

 

11.2A meeting to discuss the dissolution of the MAC SA must be attended by 80% of voting members.

 

11.3At least 21 days' notice must be given to all MAC SA members.

 

11.4In the event that there is dissolution of the MAC SA, all assets will be ceded to the Media Development and Diversity Agency (MDDA).