Act No. 26, 2008
TECHNOLOGY INNOVATION AGENCY ACT, 2008
(3) T h e Chief E x e c u t i v e Officer is responsible for the a d m i n i s t r a t i o n , general
m a n a g e m e n t and control of the day-to-day functioning of the A g e n c y , subject to the
directions and instructions issued by the Board.
(4) T h e Chief Executive Officer is accountable to the Board on the mailers referred to
in subsection (3).
(5) T h e Chief Executive Officer holds office for a period not e x c e e d i n g five years and
is eligible for r e a p p o i n t m e n t on expiry of his or her term.
(6) T h e Chief Executive Officer may not serve m o r e than two c o n s e c u t i v e t e r m s .
(7) T h e Chief Executive Officer holds office on such t e r m s and conditions, i n c l u d i n g
those relating to remuneration and a l l o w a n c e s , as the Minister, after c o n s i d e r i n g the
r e c o m m e n d a t i o n s of the B o a r d and in consultation with the Minister of F i n a n c e , m a y
determine in writing.
(8) T h e Chief Executive Officer must enter into a p e r f o r m a n c e a g r e e m e n t with the
Board within three m o n t h s of taking up his or her post as Chief E x e c u t i v e Officer.
(9) W h e n e v e r for any reason the Chief Executive Officer is absent from office for a
period of m o r e than t w o m o n t h s , or unable to carry out his or her duties, or w h e n e v e r
there is a vacancy in the office of the Chief E x e c u t i v e Officer, the Minister may. with the
c o n c u r r e n c e of the Board, appoint any person w h o meets the r e q u i r e m e n t s d e t e r m i n e d
in terms of subsection (1) to act as Chief Executive Officer, until the Chief E x e c u t i v e
Officer is able to r e s u m e those functions or until the vacant position of the Chief
Executive Officer is tilled.
(10) T h e acting Chief E x e c u t i v e Officer has all the p o w e r s and performs all the duties
of the Chief E x e c u t i v e Officer.
E m p l o y e e s of A g e n c y
12. (1) T h e Chief E x e c u t i v e Officer must, on such t e r m s and c o n d i t i o n s as the B o a r d
may d e t e r m i n e , appoint e m p l o y e e s of the A g e n c y or receive on s e c o n d m e n t such
persons as are necessary to enable the A g e n c y to perform its functions.
(2) T h e A g e n c y must pay the e m p l o y e e s of the A g e n c y such r e m u n e r a t i o n ,
allowances, subsidies and other benefits as the Minister, in consultation with the
Minister of Finance, may d e t e r m i n e .
(3) T h e Chief E x e c u t i v e Officer is responsible for the a d m i n i s t r a t i v e control,
organisation and discipline of the e m p l o y e e s of the A g e n c y and for e n s u r i n g c o m p l i a n c e
with applicable labour legislation.
(4) T h e A g e n c y may, under the Pension F u n d s Act, 1956 (Act N o . 24 of 1956).
establish any pension fund for its e m p l o y e e s .
C o m m i t t e e s of B o a r d
13. (1) T h e Board may establish one or more c o m m i t t e e s to perform such functions as
the Board may d e t e r m i n e .
(2) T h e Board may appoint as m e m b e r s of such c o m m i t t e e s —
(a) any m e m b e r of the B o a r d ;
(b) any e m p l o y e e of the A g e n c y : or
(c) any other person with suitable skills or e x p e r i e n c e , w h o must be paid such
r e m u n e r a t i o n and a l l o w a n c e s as the Minister, with the c o n c u r r e n c e of the
Minister of F i n a n c e , may d e t e r m i n e .
(3) T h e Board m a y at any time dissolve or reconstitute a c o m m i t t e e .
(4) T h e B o a r d is not absolved from the performance of any function assigned to any
c o m m i t t e e u n d e r this section.
F u n d i n g of A g e n c y
14. (1)
(a)
(b)
(c)
(d)
(c)
T h e funds of the A g e n c y consist of—
m o n e y appropriated by Parliament:
r e v e n u e , including interest derived from its i n v e s t m e n t s :
m o n e y raised or b o r r o w e d by the A g e n c y ;
m o n e y obtained from such other sources as the B o a r d may, from t i m e to time,
determine and as may be consistent with the objects and functions of the
A g e n c y ; and
d o n a t i o n s and contributions.