Sentech Act, 1996 (Act No. 63 of 1996)

(1)        The articles of association of the Company shall provide that—

(a)        the board of directors shall consist of—

(i)        three executive directors; and

(ii)        at least four non-executive directors:

(b)        the three executive directors of the board shall be the persons performing the functions of a chief executive officer, chief operations officer and chief financial officer;

(c)        the Minister shall appoint a non-executive director as chairperson of the board;

(d)        the affairs of the Company shall be managed by an executive committee consisting of the executive directors of the board; and

(e)        the executive committee shall be accountable to the board and shall perform such functions as the board determines.

[Subsection (1) amended by section 2 of Act 44 of 1999].

(2)        The Company shall borrow money only with the approval of the Minister granted with the concurrence of the Minister of Finance.