New Era Publication Corporation Act, 1992

This is the latest version of this Act.
Jurisdiction
Namibia
Citation
Act 1 of 1992
Date
1 November 2006
Language
English
Type
Legislation
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New Era Publication Corporation Act, 1992

Act 1 of 1992

  1. [Amended by General Law Amendment Act, 2000 (Act 18 of 2000) on 29 November 2000]
  2. [Amended by Public Enterprises Governance Act, 2006 (Act 2 of 2006) on 1 November 2006]
ACTTo provide for the establishment of a publication corporation for Namibia; to determine its powers, duties and functions; and to provide for matters incidental thereto.BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:-

1. Definitions

In this Act, unless the context indicates otherwise -“board” means the board of directors referred to in section 5;“member” means a member of the board appointed under section 5(1);“Minister” means the Minister responsible for information;[definition of “Minister” amended by Act 18 of 2000]“the Corporation” means the New Era Publication Corporation incorporated in terms of section 2.

2. Incorporation of New Era Publication Corporation

(1)There is hereby established a publication corporation to be known as the New Era Publication Corporation.
(2)The Corporation shall be a juristic person.
(3)The Registrar of Companies shall as soon as possible after the commencement of this Act enter the name of the Corporation in the registers kept by the Registrar.

3. Objects of the Corporation

The objects of the Corporation shall be -
(a)to provide an objective and factual information service by compiling and publishing a newspaper, the New Era, in the English language as well as in the different indigenous languages of Namibia;
(b)to lay special emphasis in the said newspaper and to report on -
(i)community-related issues, particularly such issues as may be of importance in the rural areas of Namibia;
(ii)issues of national interest; and
(iii)government related matters which may concern the community;
(c)to distribute the said newspaper nation-wide; and
(d)to manage the said Corporation according to general business principles.

4. Powers, duties and functions of Corporation

For purposes of achieving its objects the Corporation may, subject to the provisions of any other law -(a)establish and control facilities and enter into agreements for the compilation, publication and distribution of the New Era;(b)canvass advertisements and other notices and publish them at such tariffs as it may determine;(c)buy, hire or otherwise acquire and sell, let or otherwise dispose of or hypothecate or pledge or otherwise deal with any movable property or, with the prior approval of the Minister, any immovable property or any right in or over immovable property;(d)open banking accounts;(e)with the approval of the Minister accept donations and receive moneys due to it;(f)with the approval of the Minister raise or borrow money, with or without security, and issue debentures, bills of exchange or other negotiable instruments;(g)apply its funds to the establishment of a reserve fund, or invest moneys not immediately required for its affairs with any financial institution approved by the Minister;(h)act as agent or representative on behalf of any person for any purpose in connection with its objects or itself appoint agents or representatives for such a purpose.
(2)The Corporation may further do anything which is conducive to the attainment of its objects even though it is not expressly mentioned in subsection (1), and the generality of this provision shall not be limited by the paragraphs of subsection (1).
(3)Any act which the Corporation is empowered to perform in connection with the attainment of its objects, may be performed within or outside Namibia.

5. Board of Corporation

(1)The affairs of the Corporation shall be managed and controlled by a board of directors which shall be constituted, and the members whereof, including the chairperson and the vice-chairperson of the board, shall be appointed in accordance with, and for a period as determined under, sections 14 and 15 of the Public Enterprises Governance Act, 2006.[Subsection (1) is amended by Act 18 of 2000 and substituted by Act 2 of 2006, as amended by Act 8 of 2015. The Public Enterprises Governance Act referred to is Act 2 of 2006.]
(2)No person who is not a Namibian citizen or who is a member of Parliament shall be appointed as a member of the board under subsection (1).
(3)The Minister shall appoint the members of the board for their ability and experience in the administration or management of public affairs and the political, socio­ economic and communication fields or their suitability otherwise as directors.
(4)[subsection (4) deleted by Act 2 of 2006]
(5)Whenever the chairperson of the board is absent or unable to fulfil his or her duties, the vice-chairperson of the board shall act in his or her stead and, when so acting, the vice-chairperson may exercise any power and shall perform the duties and functions of the chairperson.
(6)Every appointment of a member shall be notified in the Gazette.

6. Tenure of office of directors and filling of vacancy

(1)[subsection (1) deleted by Act 2 of 2006]
(2)A member shall vacate his or her office if -
(a)his or her estate is sequestrated or he or she compromises with his or her creditors;
(b)he or she becomes of unsound mind;
(c)he or she is convicted of an offence and is sentenced to imprisonment without the option of a fine;
(d)he or she resigns as a member by giving not less than one months’s notice in writing to the Minister;[The word “month’s” is misspelt in the Government Gazette, as reproduced above.]
(e)he or she has been absent from three consecutive meetings of the board without the leave of the chairperson of the board;
(f)he or she becomes subject to a disqualification referred to in section 5(2);
(g)he or she is removed from office under subsection (3).
(3)The Minister may remove a member from office -
(a)on account of continued ill-health;
(b)on account of misconduct;
(c)on account of unfitness for the duties of his or her office or incapacity to carry them out efficiently;
(d)if, for reasons other than his or her own unfitness or incapacity, his or her removal will promote efficiency.
(4)If a member ceases to hold office the Minister may, with due regard to the provisions of section 5(2) and (3), appoint any person to act in the place of such a member for the unexpired portion of his or her term of office.

7. Remuneration and other conditions of appointment of members

(1)A member who is not in the full-time employment of the Corporation shall be paid from the funds of the Corporation such remuneration and allowances as may be determined by the Minister from time to time.
(2)The remuneration and allowances determined under subsection (1) may differ according to the office held by the member concerned or the functions performed by him or her.

8. Meetings of Board

(1)Subject to the provisions of subsection (2), a meeting of the board shall be held at such time and place as may be determined by the chairperson.
(2)The chairperson of the board shall at the request of the Minister or on the written request of at least one­ third of the members of the board, convene a special meeting of the board.
(3)The majority of the members of the board shall form a quorum for a meeting of the board.
(4)If both the chairperson and the vice-chairperson of the board are absent from a meeting of the board, the directors present at such meeting shall from among their number elect a person to preside at that meeting.
(5)The decision of a majority of the members present at a meeting of the board shall constitute a decision of the board, and, in the event of an equality of votes on any matter, the person presiding at such meeting shall have a casting vote in addition to his or her deliberative vote.
(6)No decision taken by the board or act performed under the authority of the board shall be invalid by reason only of a vacancy on the board or of the fact that any person not entitled to sit as a member sat as such a member at the time when the decision was taken or the act was authorised, if the decision was taken or the act was authorised by the majority of the members who were present at the time and entitled to sit as members.

9. Committees of board

(1)The board may establish such committees as it may deem necessary, which may, subject to the instructions of the board perform such functions of the board as the board may determine.
(2)A committee referred to in subsection (1) may consist of one or more members or so many other persons or so many directors and other persons as the board deems necessary, and the board may at any time dissolve or reconstitute a committee.
(3)If a committee established under subsection (1) consists of more than one person, the board shall designate one of those persons as the chairperson thereof.
(4)A member of a committee who is not a member of the board or is not in the full-time employment of the Corporation shall be paid from the funds of the Corporation such allowances as may be determined by the board with the concurrence of the Minister.

10. Executive officer and other employees of Corporation

(1)The board shall appoint a person as executive officer of the Corporation for the performance of the functions of the Corporation.
(2)The executive officer shall attend all the meetings of the board, unless the board determines otherwise, and shall be entitled to participate in the deliberations of the board, but shall not be entitled to exercise any vote at any meeting thereof.
(3)If the executive officer of the Corporation is for any reason unable to perform his or her functions, the chairperson of the board may designate any other person in the employment of the Corporation to act as executive officer until the executive officer can resume his or her functions.
(4)The board shall appoint such other persons as it may deem necessary to assist the executive officer in the performance of the functions of the Corporation.
(5)Subject to section 22(3) of the Public Enterprises Governance Act, 2006, the board may determine the remuneration and other conditions of service of the chief executive officer and its other employees and their service benefits, including the provision or supply of medical aid, benefits, housing facilities or benefits, and the provision for and payment of pensions.[Subsection (5) is substituted by Act 2 of 2006, as amended by Act 8 of 2015. Although this subsection as substituted refers to a “chief executive officer”, the remainder of the Act refers to an “executive officer”. The Public Enterprises Governance Act referred to is Act 2 of 2006.]

11. Financing of Corporation

(1)The funds of the Corporation shall consist of -
(a)moneys appropriated by Parliament to finance the functions of the Corporation;
(b)moneys received by virtue of the sale of the New Era and the publication of advertisements and other notices;
(c)moneys borrowed by the Corporation;
(d)interest received on moneys invested by the Corporation;
(e)donations or contributions received by the Corporation from any person, institution, government or any other source;
(f)moneys which may accrue to the Corporation from any other source.
(2)The Corporation shall utilize its funds for defraying expenses in connection with the performance of its functions under this Act, but shall utilize any donations or contributions referred to in subsection (1)(e) in accordance with the conditions, if any, imposed by the donor or contributor concerned.

12. Financial year and estimates of revenue and expenditure

(1)The financial year of the Corporation shall end on 31 March in each year.
(2)The Corporation shall, for approval by the Minister, submit annually, in the form and at the time determined by the Minister, its estimates of revenue and expenditure for the ensuing financial year and may also during the course of a financial year submit to the Minister for approval supplementary estimates of expenditure for that year.
(3)The Corporation shall, if the Minister so directs, amend its estimates of revenue and expenditure in accordance with such direction.
(4)The Corporation shall restrict its expenditure for any financial year to the amounts shown on its estimates of expenditure as approved by the Minister for that financial year.

13. Accounting responsibility

(1)The executive officer shall be the accounting officer of the Corporation, and as such shall be charged with the responsibility of accounting for all moneys received, the utilization thereof and the use and care of the property of the Corporation.
(2)The accounting officer shall cause such records of account to be kept as are necessary to represent fairly the state of affairs and business of the Corporation and to explain the transactions and financial position of the Corporation.

14. Auditing, furnishing of information and annual reports

(1)The Auditor-General shall audit the books of account, accounting statements and annual financial statements of the Corporation and shall submit a copy of his or her report on the audit of those statements to the Corporation.
(2)The Corporation shall furnish the Minister with such information as the Minister may call for from time to time in connection with the activities and financial position of the Corporation and shall as soon as practicable after the end of each financial year submit to the Minister in respect of that financial year, copies of -
(a)the audited balance sheet and profit and loss accounts and the report of the Auditor-General; and
(b)a report by the Corporation on its activities during that financial year.
(3)The financial statements and reports submitted to the Minister in terms of subsection (1), shall be laid on the Table of the National Assembly by the Minister within 14 days after receipt thereof, if Parliament is then in ordinary session, or, if Parliament is not then in ordinary session, within 14 days after the commencement of its next ordinary session.

15. Exemptions

Notwithstanding anything to the contrary contained in any law -
(a)the income of the Corporation, shall be exempt from income tax;
(b)no transfer duty, office fee or other moneys shall be payable in respect of the acquisition of immovable property by the Corporation.

16. Limitation of liability

No member or any person in the employment of the Corporation shall be liable in respect of anything done or omitted in good faith and not attributable to negligence in the exercise or performance of a power or duty in terms of this Act.

17. Liquidation of Corporation

The Corporation shall not be wound up except by or under the authority of an Act of Parliament.

18. Short title

This Act shall be called the New Era Publication Corporation Act, 1992.
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History of this document

01 November 2006 this version
29 November 2000
24 March 1992
Commenced
11 March 1992
Assented to