Water Services Act, 1997 (Act No. 108 of 1997)Chapter VI : Water Boards40. Business plan |
| (1) | A water board must, not later than one month before the commencement of each financial year, prepare and adopt a business plan relating to the following five financial years. |
| (2) | The business plan must at least contain information regarding— |
| (a) | each specific primary and other activity to be undertaken and the performance targets for each; |
| (b) | the tariff applicable to each service, the method by which it was determined, the motivation for the tariff and the estimated tariff income; |
| (c) | forecasts of capital expenditure for the primary and other activities for the next five years; and |
| (3) | A water board may, with the approval of the Minister, exclude commercially sensitive information from its business plan. |
| (4) | Every business plan must be submitted to the Minister. |
| (5) | A business plan may be amended from time to time. |
| (6) | The Minister may direct a water board— |
| (a) | to amend its business plan if the plan— |
| (i) | is not in the best interests of the general population within its service area: or |
| (ii) | is not in accordance with the parameters laid down in section 34(1); or |
| (b) | to submit additional business plans addressing specific issues. |