Higher Education Act, 1997 (Act No. 101 of 1997)

Chapter 3 : Public Higher Education Institutions

Purchase

(1)	The Minister may, after consulting the CHE and by notice in the Gazette, close a public higher education institution.

(2)	If a public higher education institution is closed under subsection (1), all assets and liabilities of such public higher education institution must after closure be dealt with according to law by the Minister and any assets remaining after payment of all liabilities vest in the Minister.

(3)	Sections 22(2) to (6) and 23(2), with the changes required by the context, apply to a closure referred to in subsection (1).