Protection of Businesses Act, 1978
R 385
Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)Chapter II : Finance12Q. Investment of moneys held by department and realization of certain investments |
| (1) | The Director-General may in his discretion invest on short call deposit in the Republic or in any other country any moneys held by the department. |
[Subsection (1) substituted by section 5(a) of Act No. 7 of 1986]
| (2) | [Subsection (2) deleted by section 5(b) of Act No. 7 of 1986] |
| (3) | The sums of money withdrawn from the Fund for investment or the purchase or repurchase of securities in accordance with subsections (1) and (4), shall be deemed to have been appropriated by law for the relative purposes. |
[Subsection (3) substituted by section 5(c) of Act No. 7 of 1986]
| (4) | The Director-General may, whenever he deems it advisable, buy, keep or negotiate any security and may repurchase and keep or negotiate any security issued by the department. |
[Subsection (4) substituted by section 5(d) of Act No. 7 of 1986]
[Section 12Q inserted by section 5 of Act No. 113 of 1976]
