The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 4 : Establishment of InstitutionsPart B : Transport Economic Council46. Establishment of Transport Economic Council |
| (1) | The Transport Economic Council is hereby established as an organ of state within the public administration, but as an institution outside the public service. |
| (2) | The Council— |
| (a) | is a juristic person, with jurisdiction throughout the Republic; |
| (b) | is independent and subject only to the Constitution and the law; |
| (c) | must be impartial and perform its functions without fear, favour or prejudice; and |
| (d) | must exercise the functions assigned to it in terms of any law in— |
| (i) | the most cost-efficient and effective manner; and |
| (ii) | accordance with the values and principles mentioned in section 195 of the Constitution. |