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

5. Powers of Post Office

Purchase cart Previous page Return to chapter overview Next page

 

 

Without derogating from its powers as a company in terms of the Companies Act, but subject to any applicable provisions of the Public Finance Management Act and this Act, the Post Office may—

(a)purchase or otherwise acquire immovable property and encumber or dispose of such property;
(b)purchase, erect, or cause to be erected, any buildings, installations or plants;
(c)utilise buildings or facilities for the benefit of the Post Office;
(d)purchase, hire or otherwise acquire or hold movable property, and let, pledge, encumber or dispose of such property of which it is the owner;
(e)hire services or let its own services or make them otherwise available;
(f)sell or in any other manner make available to any person for use any patent, licence, concession or right of manufacture or any other right conferring the power to use any information, expertise, process or technology which has been developed by the Post Office and which is the property of the Post Office or which has been acquired by the Post Office from a third party;
(g)acquire patents, licences, concessions, rights of manufacture or other similar rights conferring the power to use any technology, process, expertise or information and use, exercise, develop or grant licences in respect of such rights, concessions, technology, processes, expertise or information, or otherwise exploit it beneficially;
(h)establish subsidiaries under section 22.