ownership control
in relation to a company. co-operative, trust, fund or any other corporate entity established in terms of any applicable national or provincial legislation, means the ability to exercise any of the following powers to govern the financial and operating policies of the entity in order to obtain benefits from its activities;
| a) |
To appoint or remove at least the majority of the board of directors or equivalent governing body; |
| b) |
to appoint or remove that entity’s chief executive officer; |
| c) |
to cast at least the majority of the votes at meetings of the board of directors or equivalent governing body: or |
| d) |
to control at least the majority of the voting rights at a general meeting in the case of a company, co-operative or other body having members; |
Statistics Act, 1999
