Public Audit Act, 2004 (Act No. 25 of 2004)Memorandum of Agreement (2020)5. General principles |
| 5.1 | The Parties acknowledge and respect the internal processes and relevant timeframes applicable to each other. |
| 5.2 | The Parties must be transparent with regard to planned activities and challenges that might impact on the matters provided for in this Memorandum and must use their best endeavours to assist and accommodate each other for this purpose. |
| 5.3 | The Parties must co-operate in the utmost good faith, and with professionalism, honesty and integrity. |
| 5.4 | Communication between the Parties must be responded to timeously and efficiently. |
| 5.5 | Details of the processes and activities contemplated in this Memorandum are confidential unless publication thereof is mutually agreed by the Parties in writing or compelled by law. |
| 5.6 | Each Party is responsible for the funding of their respective activities contemplated in this Memorandum. |
| 5.7 | This Memorandum takes effect on the date of the last signature appended hereto, and may from time to time be amended in writing by signature of both Parties. |
| 5.8 | If any part of this Memorandum is held to be invalid, the remainder of the Memorandum remains unaffected and of full force and effect. |
| 5.9 | The Parties may in writing agree to temporary deviations from the timeframes provided for in this Memorandum, but such deviation may not last for more than nine months. |
| 5.10 | The persons signing this Memorandum on behalf of either Party warrant their respective authorities to do so and that all required internal approvals have been obtained for this purpose. |
