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South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)

Chapter 1 : Definitions and Purpose

2. Purpose of Act

 

The purpose of this Act is—

 

(a) to establish a juristic person under the full ownership and control of the State in order to acquire, dispose of, fund, provide, maintain, operate, manage and secure funding of national water resources infrastructure in an efficient and cost-effective manner to meet the social and economic developmental needs of current and future water users within the framework of national government policy and in accordance with sections 10, 11, 24, 27(1)(b) and 27(2) of the Constitution;

 

(b) to provide for the continued performance of the Treaty and non-Treaty functions currently being performed by the TCTA; and

 

(c) to serve and to achieve the development and transformation objectives of government through representation, service delivery and social and economic development.