The South African National Roads Agency Limited and National Roads Act, 1998 (Act No. 7 of 1998)Chapter 4 : Finances and Accountability35. Business and financial plan, and strategic plan |
| (1) |
| (a) | Not later than 30 days before the end of each financial year the Agency must submit its business and financial plan for the following financial year to the Minister for approval. |
| (b) | However, the business and financial plan for the Agency’s first financial year must be submitted to the Minister for approval within 90 days after the incorporation date. |
| (2) | A business and financial plan must set out and explain the Agency’s proposed operations, projects, activities and other objectives for the following financial year, as well as— |
| (a) | the cost of those operations, projects, activities and other objectives; |
| (b) | the manner in which it is proposed to finance them; |
| (c) | the planned performance indicators applicable to them; |
| (d) | a statement of the Agency’s estimated income and expenditure for that financial year; |
| (e) | any other information and particulars that may be prescribed; and |
| (f) | any additional relevant information that may be requested by the Minister in writing. |
| (3) |
| (a) | The Agency must submit to the Minister for approval, not later than 30 days before the end of its first financial year and of every financial year thereafter, a strategic plan covering the period of five years commencing on the first day of the first-following financial year concerned. |
| (b) | A strategic plan must be annexed to the Agency’s business and financial plan for any financial year which is also the first year of the five-year period to be covered by the strategic plan. |
| (4) | The following matters will be as prescribed, namely— |
| (a) | the format and structure of the business and financial plan and, if considered necessary, that of the strategic plan; |
| (b) | the extent to and manner in which the Agency must consult with interested persons or members of the public in connection with any business and financial plan or any strategic plan. |
| (5) | Any business and financial plan and strategic plan must be made known by the Agency by having it published in the Gazette. However, if satisfied that in the circumstances the interests of the public require that greater prominence be given to such a plan, the Minister may order the further publication of the plan, at the expense of the State, in one or more newspapers with a nation-wide circulation. |
| (6) | This section does not prevent the Agency from undertaking any planning for a longer term. |