Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 6 : Public Entities

Part 1: Application of this Chapter

48. Classification of public entities

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(1)The Minister may by notice in the national Government Gazette classify public entities listed in Schedule 3 in accordance with the relevant definitions set out in section 1, as—
(a)national government business enterprises;
(b)provincial government business enterprises;
(c)national public entities; and
(d)provincial public entities.

 

(2)A public entity is for the purposes of this Act regarded as belonging to the class in which it is classified in terms of subsection (1).