State Information Technology Agency Act, 1998 (Act No. 88 of 1998)Chapter 5 : Financial Matters17. 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]