Nuclear Energy Act, 1999 (Act No. 46 of 1999)Chapter II The South African Nuclear Energy Corporation, Limited9. Transfer of shares by Minister |
| (1) | Despite any provisions of a law to the contrary, the Minister may transfer so much of the State’s shares in a subsidiary company contemplated in section 14(1)(a)(i) as the Cabinet approves to such transferees in such manner and on such terms and conditions as the Cabinet approves. |
| (2) | The proceeds of any transfer in terms of subsection (1) may be used wholly or partially for such purpose as the Cabinet approves, but all proceeds not so used within the period determined by the Cabinet must be paid into the National Revenue Fund. |