South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011) 1. Definitions

 

 

In this Act, unless the context indicates otherwise—

 

"Board"

means the Board contemplated in section 8;

 

"Companies Act"

means the Companies Act, 2008 (Act No. 71 of 2008);

 

"Department"

means the Department of Communications;

 

"executive member"

means the chief executive officer, the chief financial officer or the chief operating officer of the Board appointed in terms of section 16;

 

"family member"

in relation to any person, means his or her parent, sibling, child, including an adopted child or a step-child, or spouse (whether by statutory, customary or religious law), and including a life partner who is a person living with that person as if they were married to each other;

 

"financial statements"

means statements consisting of at least a balance sheet, an income statement, a cash-flow statement and other statements that may be prescribed, and includes any notes to these statements;

 

"member"

means an executive or non-executive member of the Board;

 

"Minister"

means the Minister charged with the administration of the Department;

 

"Postal Services Act"

means the Postal Services Act, 1998 (Act No. 124 of 1998);

 

"Postbank"

means the South African Postbank Limited, the public company referred to in the Postbank Act;

 

"Postbank Act"

means the South African Postbank Limited Act, 2010 (Act No. 9 of 2010);

 

"Post Office"

means the South African Post Office SOC Ltd established in terms of the Post Office Act;

 

"Post Office Act"

means the Post Office Act, 1958 (Act No. 44 of 1958);

 

"Public Finance Management Act"

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

 

"subsidiary"

means—