The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 4 : Establishment of InstitutionsPart A : Transport Economic Regulator31. Qualifications for Board membership |
| (a) | be suitably qualified, with relevant experience in transport, economics, law, accounting, public finance or governance; and |
| (b) | submit to the Minister a written declaration stating that the person is not subject to any disqualification in terms of subsection (2). |
| (2) | A person may not be appointed or remain as a non-executive member of the Board if that person— |
| (a) | is an office bearer of any party, movement, organisation or body of a partisan political nature; |
| (b) | personally— |
| (i) | has or acquires a direct financial interest in, or is a director of, a regulated entity; |
| (ii) | has been in the three years preceding the appointment, or becomes, a director or an employee of an entity or enterprise that is subject to regulation in terms of this Act; or |
| (iii) | has or acquires an interest in, or is a director or an employee of, a business or enterprise that may conflict or interfere with the proper performance of the duties of a member of the Board; |
| (c) | is related to a person who has an interest in, or is a director of, a business or enterprise contemplated in paragraph (b); |
| (d) | is an unrehabilitated insolvent; |
| (e) | is subject to an order of a competent court holding the person to be mentally unfit or disordered; |
| (f) | is subject to an order of a competent court declaring the person to be a delinquent director, or placing the person under probation, in terms of section 162 of the Companies Act, 2008 (Act No. 71 of 2008); |
| (g) | has been convicted of an offence committed after the Constitution of the Republic of South Africa, 1993 took effect, and sentenced to imprisonment without the option of a fine; or |
| (h) | has been removed from an office of trust, by a competent authority. |