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National Water Act, 1998 (Act No. 36 of 1998)

Chapter 11 : Government Waterworks

115. Disposal of government waterworks

 

(1) The Minister may transfer, sell or otherwise dispose of any government waterworks to any person.

 

(2) No government waterwork referred to in subsection (1) may be transferred, sold or disposed of without the approval of the national executive, if its value exceeds an amount specified from time to time by the Minister in concurrence with the Minister of Finance.

 

(3) Where a government waterwork is disposed of or transferred to a water management institution, the Minister of Finance may direct that no transfer duty, other tax or duty is payable.