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The Mmabana Arts, Culture & Sport Foundation is a non-profit organisation responsible for the promotion and development of arts, culture and indoor artistic sport activities in the North West Province. It came into existence as a result of a merger between the former Mmabana Cultural Foundation and the North West Arts Council. Mmabana, which translates into "mother of the children", is both a production house and an academy of the arts. Mmabana Foundation operates from the platinum province, North West with four centres located in Taung, Mafikeng, Tlhabane and Lehurutshe, and is renowned for producing artists that are nationally and internationally recognised. NATURE OF BUSINESS The Mmabana Foundation is both an academy of the arts and a production house. As an academy, it offers tuition in music, drama, dance, dance sport, creative arts and artistic sports. As a production house, it provides a platform for professional artists to present performances in music, drama, dance, dance sport, artistic sports and to display their creative art exhibits. CORPORATE GOVERNANCE AND MANAGEMENT SYSTEMS The Mmabana Foundation, hereinafter referred to as the MACSF (Mmabana Arts, Culture and Sport Foundation) is a Schedule 3c Entity in terms of the Public Finance Management Act, 1999 as amended. Mmabana Foundation is fully committed to the principles of fairness, discipline, independence, accountability, transparency and social responsibility associated with good corporate governance. The Mmabana Foundation accepts the principles and firm recommendations aet out in the 2002 King Code of Corporate Practices and Conduct (King II), and comply with the additional requirements of the Public Finance Management Act and the Treasury Regulations. |