Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003)Chapter 1 : Armaments Corporation of South Africa, Limited and its Objectives and Functions5. Service level agreements |
| (1) | The Corporation must enter into a service level agreement with— |
| (a) | the Department in respect of any function contemplated in section 4 relating to the Department; |
| (b) | any other organ of state on whose behalf the Corporation procures commercial matériel; and |
| (c) | any foreign State in respect of any function contemplated in section 4(3)(a)(iii). |
| (2) | A service level agreement must be concluded between the Board and the accounting officer or accounting authority, as the case may be, of the Department, other organ of state or foreign State and must, amongst other things— |
| (a) | be based on the shareholder's compact contemplated in the Public Finance Management Act; |
| (b) | be focused on the functions of the Corporation; |
| (c) | specify measurable objectives and milestones; |
| (d) | specify a system to monitor the delivery of service; |
| (e) | provide for the maintenance of the Corporation's capabilities over the long term; |
| (f) | provide for the terms and conditions applicable to the service to be rendered by the Corporation; and |
| (g) | set out the rate at which the Corporation may charge for its services. |