South African Post Office SOC Ltd Act, 2011 (Act No. 22 of 2011)7. Government support to Post Office and loans by Post Office and subsidiaries |
| (1) | Parliament may fund the normal expenditure of the Post Office out of money appropriated for the purpose. |
| (2) | A request for financial support must be prepared by the Post Office by a date determined by the Minister in order for it to be subjected to the evaluation process for inclusion in the annual compilation and exposition of the government's expenditure proposal for appropriation purposes. |
| (3) | The payment of financial support is subject to the appropriation made by Parliament and must be for such purposes and periods and subject to such conditions as the Minister may determine, after consultation with the Minister of Finance. |
(4)
| (a) | The Post Office and its subsidiaries may not borrow money without the prior written approval of the Minister, granted after consultation with the Minister of Finance. |
| (b) | Any decision to borrow money taken without such approval is of no force and effect. |