Standards Act, 2008 (Act No. 8 of 2008)Part 2 : Continuation of the South African Bureau of Standards5. Functions of SABS |
| (1) | The SABS may— |
| (a) | acquire or dispose of property or any right in respect thereof, but ownership in significant immovable property may be acquired or disposed of only with the consent of the Minister; |
| (b) | open and operate banking accounts in the name of the SABS; |
| (c) | invest any of its funds not immediately required; |
| (d) | insure the SABS- |
| (i) | against any loss, damage or risk; and |
| (ii) | against any liability it may incur in the application of this Act; |
| (e) | conclude agreements with organs of state and other persons; |
| (f) | institute or defend any legal action; or |
| (g) | generally deal with any matter that is necessary or incidental to the performance of its functions in terms of this Act. |
| (2) | An agreement concluded in terms of subsection (1)(e) may not conflict with any international requirement binding on the SABS. |
| (3) | The SABS may charge fees— |
| (a) | in respect of the setting and issuing of a South African National Standard; |
| (b) | in respect of training services rendered in connection with standardisation or with any standards; and |
| (4) | The SABS may charge interest in respect of money payable to it but which has not yet been paid, from a date on which such money became payable, except in respect of money payable by the State. |
| (5) | The SABS may establish one or more companies to perform any of the functions of the SABS in terms of this Act, except the setting of a South African National Standard in terms of sections 23 and 24. |
| (6) | The members of the Board of the SABS appointed in terms of section 6 must be appointed as the members of the Board of any company established in terms of subsection (5). |