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South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 1 : South African Maritime Safety Authority

9. Powers

 

(1) Without derogating from its power generally to perform juristic acts as a juristic person, the Authority has power, in particular, to institute and conduct civil proceedings in all matters relating to its functions.

 

(2) The Authority has power, subject to this Act, to do all things necessary or convenient to be done for or in connection with the performance of its functions, including the power—
(a) to enter into contracts;
(b) to acquire, hold and dispose of assets;
(c) to let or hire plant, machinery, equipment or goods of the Authority not immediately required for the purposes of the Authority;
(d) to invest money not immediately required for the purposes of the Authority in any manner that is consistent with sound commercial practice.