Standards Act, 2008 (Act No. 8 of 2008)

Part 3 : Financial Management

21. Funding and investments

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(1)The funds of the SABS consist of—
(a)moneys appropriated by Parliament for that purpose;
(b)income derived from fees charged in accordance with section 5(3);
(c)interest charged in accordance with section 5(4);
(d)income derived by the SABS from its investment; and
(e)money received from any other source.

 

(2)The SABS may invest any of its funds not immediately required—
(a)subject to any investment policy that may be prescribed in terms of section 7(4) of the Public Finance Management Act; and
(b)in such manner as may be prescribed by the Minister.