Local Government: Municipal Systems Act, 2000 (Act No. 32 of 2000)RegulationsLocal Government: Regulations on Appointment and Conditions of Employment of Senior ManagersChapter 4 : Conditions of Employment36. Disclosure of benefits and interests |
| (1) | A senior manager who enters into an employment contract in terms of these regulations must— |
| (a) | within 60 days after his or her appointment; and |
| (b) | annually thereafter, from the commencement of the new financial year of a municipality, |
declare his or her benefits and interests.
| (2) | The benefits and interests contemplated in subregulation (1) may include any shares, directorships or property, which may potentially be in conflict with the senior manager's official duties. |
| (3) | A senior manager must disclose all his or her registerable interests on the form attached as Annexure F to these regulations. |
| (4) | If the circumstances change significantly after an initial disclosure has been made, and new or additional facts become material, the senior manager must disclose such facts as soon as reasonably possible. |
| (5) | Failure to disclose benefits and interests is a breach of contract and must be dealt with in terms of the Code of Conduct for Municipal Staff as provided for in Schedule 2 to the Act, read in conjunction with the Disciplinary Regulations. |