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South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)

1. Definitions

 

 

In this Act, unless the context indicates otherwise—

 

"Board"

means the Board contemplated in section 8;

 

"Companies Act"

means the Companies Act, 2008 (Act No. 71 of 2008);

 

"Department"

means the Department of Communications;

 

"executive member"

means the chief executive officer, the chief financial officer or the chief operating officer of the Board appointed in terms of section 16;

 

"family member"

in relation to any person, means his or her parent, sibling, child, including an adopted child or a step-child, or spouse (whether by statutory, customary or religious law), and including a life partner who is a person living with that person as if they were married to each other;

 

"financial statements"

means statements consisting of at least a balance sheet, an income statement, a cash-flow statement and other statements that may be prescribed, and includes any notes to these statements;

 

"member"

means an executive or non-executive member of the Board;

 

"Minister"

means the Minister charged with the administration of the Department;

 

"Postal Services Act"

means the Postal Services Act, 1998 (Act No. 124 of 1998);

 

"Postbank"

means the South African Postbank Limited, the public company referred to in the Postbank Act;

 

"Postbank Act"

means the South African Postbank Limited Act, 2010 (Act No. 9 of 2010);

 

"Post Office"

means the South African Post Office SOC Ltd established in terms of the Post Office Act;

 

"Post Office Act"

means the Post Office Act, 1958 (Act No. 44 of 1958);

 

"Public Finance Management Act"

means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

 

"subsidiary"

means—

(a) Courier and Freight Group (Pty) Ltd;
(b) The Document Exchange (Pty) Ltd;
(c) the Postbank;
(d) any other company or juristic person which exists when this Act commences,  but which is dormant and not deregistered in terms of the Companies Act, and of which the Post Office is the holding company or owner; and
(e) any other subsidiary of the Post Office established under section 22(1).