The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 4 : Establishment of InstitutionsPart A : Transport Economic Regulator37. Resignation or removal of Executive Officers |
| (1) | The Chief Executive Officer and any Executive Officer may resign by giving three months’ notice in writing to the Board. |
| (2) | The Board— |
| (a) | must remove the Chief Executive Officer or an Executive Officer who ceases to qualify for that office in terms of section 36(2); or |
| (b) | may remove the Chief Executive Officer or Executive Officer only for— |
| (i) | serious misconduct; |
| (ii) | permanent incapacity; |
| (iii) | gross incompetence, gross mismanagement or substantial failure to perform the person’s official functions; or |
| (iv) | contravening section 49, or engaging in any other activity that may undermine the integrity of the Regulator. |