National Small Business Act, 1996 (Act No. 102 of 1996)Chapter 3: Small Enterprise Development Agency16. Business plan |
| 1) | The Agency must, at least 90 days before the beginning of each financial year, prepare a business plan to be approved by the Minister. |
| 2) | The business plan must- |
| a) | include a statement setting out the short and medium term operational and business objectives of the Agency for at least five years; |
| b) | outline the strategies and policies that the authority intends to adopt in order to achieve its objectives; |
| c) | include an operational plan, a financial plan, a human resources and performance management plan as well as performance indicators for purposes of monitoring and evaluation; and |
| d) | include a report on the consultation contemplated in section 13E(6) and the recommendations resulting from such consultations. |
| 3) | The financial plan must include estimates of expenditure and revenue for the following financial year. |
| 4) | The Agency may, with the approval of the Minister, amend the business plan. |
| 5) | The approval of the Minister contemplated in subsection (1) or (4) has effect from the beginning of the financial year in question. |