Protection of Businesses Act, 1978
R 385
Government Immovable Asset Management Act, 2007 (Act No. 19 of 2007)5. Principles of immovable asset management |
| (1) | The following are principles of immovable asset management: |
| (a) | An immovable asset must be used efficiently and becomes surplus to a user if it does not support its service delivery objectives at an efficient level and if it cannot be upgraded to that level; |
| (b) | to minimise the demand for immovable assets, alternative service delivery methods that do not require immovable assets must be identified and considered; |
| (c) | in relation to an acquisition, it must be considered whether— |
| (i) | a non-immovable asset solution is viable; |
| (ii) | an immovable asset currently used by the state is adequate to meet a change in its service delivery objectives; and |
| (iii) | the cost of the immovable asset as well as operational and maintenance cost throughout its life cycle justifies its acquisition in relation to the cost of the service; |
| (d) | immovable assets that are currently used must be kept operational to function in a manner that supports efficient service delivery; |
| (e) | when an immovable asset is acquired or disposed of best value for money must be realised; |
| (f) | in relation to a disposal, the custodian must consider whether the immovable asset concerned can be used— |
| (i) | by another user or jointly by different users; |
| (ii) | in relation to social development initiatives of government; and |
| (iii) | in relation to government’s socio-economic objectives, including land reform, black economic empowerment, alleviation of poverty, job creation and the redistribution of wealth. |
| (2) | The Minister may, by notice in the Gazette, identify additional principles of immovable asset management. |
| (3) | When the Minister issues a notice referred to in subsection (2), the provisions of section 20(2), (3) and (4) apply with the necessary changes. |
