| (1) | A person appointed in terms of section 56 or a municipal manager must within 60 days after his or her appointment declare in writing to the chairperson of the municipal council the following interests held by that person or municipal manager: |
| (a) | Shares and securities in any company; |
| (b) | membership of any close corporation; |
| (c) | interest in any trust; |
| (f) | other financial interests in any business undertaking; |
| (g) | interest in property; and |
| (h) | subsidies, grants and sponsorships by any organisation. |
| (2) | Any change in the nature or detail of the financial interests of a staff member must be declared in writing quarterly to the chairperson of the municipal council. |
| (3) | The municipal council must determine which of the financial interests referred to in subitem (1) must be made public having regard to the need for confidentiality and the public interest for disclosure. |
[Item 5A of Schedule 2 inserted by section 23 of Act No. 19 of 2008]
