Our name and aims
  1. THE NAME OF THE ORGANISATION IS:

1.1 "The South African Guild of Motoring Journalists" (abb:SAGMJ) hereafter referred to as "the Guild".

2. AIMS AND OBJECTIVES
3. THE GUILD WILL ALSO:
   
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  The aims and objectives of the Guild are to:
  2.1.1 Endeavour constantly to achieve the highest possible standards of motoring journalism.

2.1.2 Enhance and protect the integrity of the profession;

2.1.3 Encourage greater general awareness of the significance of motoring, road safety, motorsport, and the motor industry;

2.1.4 Recognise with appropriate awards examples of excellence and noteworthy achievements in motoring, especially those which further the aims of the Guild;

2.1.5 Seek improved efficiencies for working motoring journalists; and

2.1.6 Establish links with fellow motoring journalists and like organisations around the world.
   
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  The Guild will also:
  3.1.1 Never seek to achieve these aims by means of any activities which result in the making or accrual of profit of any kind.

3.1.2 The Guild will not carry on any profit making activities; or participate in any business, profession or occupation carried on by any of its members, or provide any financial assistance, premises, continuous services or facilities to its members for the purpose of carrying on any business profession or occupation by them.

3.1.3 Always only use accumulated funds of any kind solely for the furthering of its aims as outlined. Funds available for investment may only be invested with registered financial institutions as defined in Section 1 of the Financial Institutions (Investment of Funds) Act, 1984, or in securities listed on a licensed stock exchange as defined in the Stock Exchange Control Act, 1985 (Act no. 1 of 1985).
Never distribute accumulated funds to any of its members or other persons in any way.
Should the Guild ever cease to operate, be dissolved, or be liquidated, the remaining assets will be given or transferred to another organisation with objectives similar to those of the Guild and which is itself exempt from income tax in terms of Section 10 (01)(cB)(i)(ff). The winding up processes will not in any way be used as an opportunity to distribute funds or profits or assets to members or any other persons.
The financial activities of the Guild will be subjected to an annual independent audit.
   
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