Eskom Conversion Act, 2001 (Act No. 13 of 2001)4. Effect of conversion |
| 1) | Subject to the provisions of this Act, the provisions of the Companies Act apply to Eskom with effect from the date of conversion. |
| 2) | For as long as the State is the sole or majority shareholder in Eskom, sections 60, 66, 190 and 344(d) of the Companies Act do not apply to Eskom. |
| 3) | The conversion of Eskom does not- |
| a) | affect the continued corporate existence of Eskom as from the date of its first establishment; |
| b) | affect any of the rights, liabilities or obligations acquired or incurred by Eskom, or on Eskom’s behalf, at any time before its conversion; and |
| c) | affect the terms and conditions of service of its employees. |