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South Africa
NATIONAL LEGISLATION OVERVIEWS
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South African Express Act, No. 34 of 2007

Long title

To provide for the transfer of shares, loan accounts, liabilities and guarantees in South African Express (Proprietary) Limited from Transnet Limited to the State to provide for the main objects and powers of South African Express (Proprietary) Limited; to provide for the borrowing powers of South African Express (Proprietary) Limited; to provide for the conversion of South African Express (Proprietary) Limited into a public company having a share capital incorporated in terms of the Companies Act, 1973; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. Definitions
2. Objects of Act
3. Transfer of SAX shares and SAX interests
4. Main objects and powers of SAX
5. Borrowing powers of SAX
6. Conversion of South African Express (Proprietary) Limited into public company
7. Effect of conversion
8. Regulations
9. Amendment of Laws
10. Short title and commencement

Legislation Text Access Point

Versions
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