Mandating Procedures of Provinces Act, 2008
R 385
Public Investment Corporation Act, 2004 (Act No. 23 of 2004)10. Investment of deposits |
| (1) | The corporation may invest every deposit or portions of a deposit, with regard to the period, if any, after the expiration of which such a deposit or portions of such a deposit may again become necessary for use, on behalf of the depositor concerned in accordance with the investment policy of the corporation. |
| (2) | The board must adopt an investment strategy with guidelines to regulate the investment of deposits and other money referred to in section 11. |
