National Empowerment Fund Act, 1998 (Act No. 105 of 1998)

6. Personal requirements in respect of trustees
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(1)        The trustees must be persons who—

(a)        are committed to—

(i)        fairness, transparency and accountability on the part of those entrusted with public office;

(ii)        the objects and principles of this Act;

(b)        when viewed collectively—

(i)        predominantly represent a broad cross-section of the historically disadvantaged persons of the Republic;

(ii)possess expertise and experience in the fields of, amongst others, law, economics, business practice, development practice, capital markets and finance;

(iii)        are reasonably reflective of the gender composition of the historically disadvantaged persons; and

(iv)        are fairly representative of the various provinces of the Republic.