Government-funded agency Brand South Africa has withdrawn its partnership agreement with the Sport Industry Group SA due to a non-disclosure of a conflict of interest matter, this is according to a statement issued by Brand SA.
Brand SA states that it is regulated by the Public Finance Management Act No. 1 of 1999 and National Treasury Regulations 2005 and that parties are expected to declare upfront any conflict of interest that may influence the decision to enter into a partnership under the Act.
Lastly, Brand SA states that it 'is committed to clean governance and transparency in order to fulfill its mandate.'
