Electricity Regulation Act, 2006
R 385.00
“market value”
in relation to any asset of a society, means the market value in the Republic or, if such value cannot be ascertained, the price which would be obtained on a sale in the Republic between a willing seller and a willing purchaser as estimated by the society and approved by the registrar, or, where the registrar does not approve of any estimate made by a society, the value estimated by the registrar;
[Definition of “market value” substituted by section 31 of Act 104/93]
