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State Information Technology Agency Act, 1998 (Act No. 88 of 1998)

Chapter 5 : Financial Matters

17. Shareholding

 

(1) Despite the Companies Act or any other law, the State is the sole shareholder of the Agency.

 

(2) The Agency has a share capital of R1, represented by one ordinary share with a nominal value of R1.

 

(3) The Minister must exercise on behalf of the State the rights attached to the State as shareholder.

 

[Section 17 substituted by section 10 of Act No. 38 of 2002]