Marketing of Agricultural Products Act, 1996 (Act No. 47 of 1996)

Notices

Purchase

This statutory measure is subject to the following conditions:

(a)	That 70% of levy income be spent on breeding and technology, at least 20% on transformation, in line with the NAMC’s new guidelines, and less than 10% on administration;

(b)	That levies be accounted for, in a manner and to the extent acceptable to the Auditor General, separately from any other funds or assets under the control of SACTA, and be audited by the Auditor General; and

(c)	That after the lapsing of the levy, any surplus funds only be utilised after the approval of the Minister was obtained.