South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 2 : Establishment of Agency5. Objects of Agency |
The objects of the Agency are to develop and manage national water resources infrastructure to—
| (a) | ensure a sustainable, equitable and reliable supply of water from national water resources infrastructure; |
| (b) | meet obligations set out in sections 10, 11, 24, 27(1)(b) and 27(2) of the Constitution and national and regional social and economic objectives of national policy; |
| (c) | utilise its asset base and cash-flow to raise funds to develop national water resources infrastructure for social and economic development purposes; |
| (d) | provide, operate and maintain the national water resources infrastructure and fund the costs thereof; |
| (e) | perform the Treaty and non-Treaty functions currently being performed by the TCTA as more fully set out in the shareholder’s compact; and |
| (f) | perform any other functions that the Minister may direct it to perform in terms of section 103(2) of the National Water Act. |