Higher Education Act, 1997 (Act No. 101 of 1997)NoticesStandard Institutional Statute, 2018Chapter 13 : Donors62. Qualification as donor |
| (1) | Any person or entity, who is not an organ of state and who has made a particular donation to the University, shall be deemed to be a donor: Provided that if a donation is made by a juristic person, a nominated representative of such juristic person shall be eligible for election to Council and provided further that only donors who have donated more than the minimum amount as contemplated in subparagraph (2) shall for a period of five years be entitled to elect two members of the Council as mentioned in paragraph 15(1). |
| (2) | For purposes of eligibility for election to Council, the donation referred to in subparagraph (1), whether corporeal or incorporeal in nature, shall be not less than an amount or valued at not less than an amount fixed from time to time by the Council and is subject to the issuing of a section 18A tax certificate by the University in accordance with the provisions of the Income Tax Act 58 of 1962 as amended. |
| (3) | The period a person shall be deemed to be a donor is five years, calculated from the time when the donation satisfies the requirements set in subparagraph (2). |
| (4) | In the case of a donor who, having satisfied the requirements of subparagraph (2), makes further donations, the period of five years shall be calculated from the last date on which the requirements of subparagraph (2) were satisfied. |