Co-operatives Act, 2005 (Act No. 14 of 2005)SchedulesSchedule 1 : Special Provisions Relating to Certain Kinds of Co-operativesPart 4 : Agricultural Co-operatives3. Objectives of agricultural co-operative |
(1) | The main objectives of a primary agricultural co-operative are one or more of the following: |
(a) | To-undertake the marketing of any agricultural product or anything that is derived from an agricultural product; |
(b) | to acquire, or to acquire control over, any agricultural product or anything derived from an agricultural product, for the purposes referred to in paragraph (i), and to dispose of it; |
(c) | to process an agricultural product or anything derived from it, manufacture it and dispose of the end product or of the agricultural product and anything derived from it; |
(d) | to hire, buy, produce, manufacture, let, sell or supply services or things required for purposes of farming; |
(e) | to hire, buy, acquire, produce, manufacture, let, sell or supply any article for consumption; |
(f) | to hire, establish, erect, use or make facilities available for use in connection with farming; |
(g) | to render services which are necessary and useful in farming; |
(h) | to render any other services, including services which relate to buying, selling and hiring of fixed agricultural property; |
(i) | to farm and dispose of farming products, process products or manufacture articles and dispose of them; and |
(j) | to undertake insurance business which relates to farming risks for farmers. |
(2) | The main objectives of a secondary agricultural co-operative are to— |
(a) | provide services to primary co-operatives; |
(b) | engage in insurance business in respect of all risks; and |
(c) | establish and administer pension funds, provident funds and medical aid schemes. |