| 1) | The member of the Cabinet responsible for— |
| (a) | state-owned companies may request the Minister to grant a total, partial or conditional exemption from one or more provisions of this Act, applicable to all state-owned companies, any class of state-owned companies, or to one or more particular state-owned company; or |
| (b) | local government matters may request the Minister to grant a total, partial or conditional exemption from one or more provisions of this Act, applicable to all state-owned companies owned by a municipality, any class of such enterprises, or to one or more particular such enterprises, |
on the grounds that those provisions overlap or duplicate an applicable regulatory scheme established in terms of any other national legislation.
| (3) | The Minister, by notice in the Gazette after receiving the advice of the Commission, may grant an exemption contemplated in subsection (2)— |
| (a) | only to the extent that the relevant alternative regulatory scheme ensures the achievement of the purposes of this Act at least as well as the provisions of this Act; and |
| (b) | subject to any limits or conditions necessary to ensure the achievement of the purposes of this Act. |
