Alexkor Limited Amendment Act

Link to law: http://www.gov.za/documents/alexkor-limited-amendment-act
Published: 2001-11-23

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Alexkor Limited Amendment Act [No. 29 of 2001]


Government Gazette

REPUBLIC OF SOUTH AFRICA
Vol. 437 Cape Town 23 November 2001 No. 22858
THE PRESIDENCY
No. 1239 23 November 2001
It is hereby notified that the President has assented to the following Act, which is hereby published for general information:–
No. 29 of 2001: Alexkor Limited Amendment Act, 2001


2 No. 22858 GOVERNMENT GAZETTE, 23 NOVEMBER 2001
Act No. 29,2001 ALEXKOR LIMITED AMENDMENT ACT, 2001
GENERAL EXPLANATORY NOTE: Words underlined with a solid line indicate insertions in existing enactments.
(English text signed by the President.) (Assented to 12 November 2001.)
ACT To amend the Alexkor Limited Act, 1992, so as to provide afresh for the sale or disposal of shares held by the State in Alexkor Limited; and to provide for matters connected therewith.
B E IT ENACTED by the Parliament of the Republic of South Africa, as follows:- Amendment of section 4 of Act 116 of 1992
1. Section 4 of the Alexkor Limited Act, 1992, is hereby amended by the substitution
“(3)(a) The Minister may, with the concurrence of the Minister of Finance, sell
(b) The conditions as to shareholding in the company must be determined by the
for subsection (3) of the following subsection: 5
or otherwise dispose of shares in the company to any person.
Minister subject to approval by the Cabinet.”.
Short title
2. This Act is called the Alexkor Limited Amendment Act, 2001.
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