Mandating Procedures of Provinces Act, 2008
R 385
State Information Technology Agency Act, 1998 (Act No. 88 of 1998)Chapter 1 : State Information Technology Agency (Pty) Limited : Establishment, Incorporation and Related Matters3A. Subsidiaries |
| (1) | For purposes of achieving its objects, the Agency may establish one or more subsidiary companies in terms of the Companies Act. |
| (2) | A subsidiary company may, on behalf of the Agency, perform such functions as the Agency may delegate to it subject to such conditions as the Agency may impose. |
(3)
| (a) | The Agency may, with the approval of the Cabinet, transfer to any person the shares of the Agency in a subsidiary company in accordance with the Companies Act. |
| (b) | The Cabinet must approve the number of shares to be transferred, the transferees and the manner and terms of the transfer. |
[Section 3A inserted section 3 of Act No. 38 of 2002]
