Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)Chapter 3 : Financial and Audit Matters15. Funds of Corporation |
| (1) | The funds of the Corporation consist of— |
| (a) | the share capital of the Corporation as determined by the Minister in consultation with the Minister of Finance; |
| (b) | money appropriated by Parliament; |
| (c) | revenue, including interest, derived from its investment; |
| (d) | money raised or borrowed by the Corporation; and |
| (e) | money obtained from such other source as may be consistent with the objectives and functions of the Corporation. |
| (2) | The Corporation may establish reserves for such purposes as it may deem fit if they are consistent with its objectives and functions, and may invest that portion of the money which it does not immediately require into a reserve fund in any manner which is to the advantage of the Corporation. |
| (3) | Income or revenue derived from the Corporation's assets, interest on its moneys and services rendered by it must be included in the projected annual budget and corporate plan. |