effective control

in relation to a private company, means the power which a shareholder in the private company may have—

(a)	to appoint or remove at least the majority of the board of directors of the private company; or

(b)	to control at least the majority of the voting rights at a general meeting of the private company;

(Definition of “effective control” inserted by section 1(b) of Act 44 of 2003)