Act No. 4, 1999
BROADCASTING ACT, 1999
(h) include programmes made by the Corporation as well as those
commissioned from the independent production sector; and
(i) include national sports programming as well as developmental and
minority sports
(2) The public service provided by the Corporation may draw revenues from
advertising and sponsorships, grants and donations, as well as licence fees,
levied in respect of the licensing of persons in relation to television sets, and
may receive grants from the State.
(3) The old Corporation shall, by no later than three months prior to the date of
conversion, submit to the Minister for approval(a) a proposed budget in respect of the public service division listing
revenue, expenditure, borrowings and appropriation of funds for the
financial year following the date of conversion; and
(b) a three year business plan containing details of operational plans,
marketing and financial plans and policies prepared in compliance with
the objectives of the public service of the Corporation and in compliance
with the general objectives of this Act covering the public service
obligation of the Corporation in respect of the conduct of the business of
the public service division for the three financial years following the date
of conversion.
[Subsection (3) added by Section 11(b) of Act No. 64 of 2002]
(4) The Board must(a) keep proper and accurate books and records of the financial affairs of the
public service division separately from those of the commercial service
division;
(b) procure in addition to the annual financial statements of the Corporation
drawn up in terms of section 20, audited annual financial statements
prepared in respect of the public service division in accordance with
generally accepted accounting practice separately from those in respect
of the commercial service division; and
(c) submit to the Minister within four months after the end of the financial
year of the Corporation(i) an annual written report on the activities of the public service
division during the financial year of the Corporation preceding the
date of the report;
(ii) the financial statements of the public service division for the
preceding financial year of the Corporation in question after the
statements have been audited by the auditors of the Corporation; and
(iii) the report of the auditors on the financial statements of the public
service division for the financial year of the Corporation.
[Subsection (4) added by Section 11(b) of Act No. 64 of 2002]
Part 4: Commercial services