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South African Express Act, 2007 (Act No. 34 of 2007)

2. Objects of Act

 

 

The objects of this Act are to provide for—

(a) the transfer of SAX shares and SAX interests from Transnet to the State;
(b) the main objects and powers of SAX;
(c) the borrowing powers of SAX; and
(d) the conversion of South African Express (Proprietary) Limited into a public company with share capital.