Marketing of Agricultural Products Act, 1996 (Act No. 47 of 1996)

Notices

Continuation of Statutory Measure and Determination of Guideline: Levy relating to Soybeans : Effective 1 March 2023

9. Conditions of Approval
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This statutory measure is subject to the following conditions:

 

(a) That 70% of levy income be spent on breeding and technology, at least 20% on transformation, in line with the NAMC's new guidelines, and less than 10% on administration;

 

(b) That levies be accounted for, in a manner and to the extent acceptable to the Auditor General, separately from any other funds or assets under the control of SACTA, and be audited by the Auditor General; and

 

(c) That after the lapsing of the levy, any surplus funds only be utilised after the approval of the Minister was obtained.