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Saldanha Bay Industrial Development Zone Licencing Company Act, 2016
Act 1 of 2016
- Published in Western Cape Provincial Gazette 7600 on 8 April 2016
- Assented to on 31 March 2016
- Commenced on 5 August 2016 by Saldanha Bay Industrial Development Zone Licencing Company Act, 2016: Commencement
- [This is the version of this document from 8 April 2016 and includes any amendments published up to 12 April 2024.]
1. Definitions
In this Act, unless the context indicates otherwise—"Board" means the board of directors of the Company;"chairperson" means the chairperson of the Board;"chief executive officer" means the chief executive officer appointed in terms of section 9;"committee" means a committee referred to in section 7;"Companies Act" means the Companies Act, 2008 (Act 71 of 2008);"director" means a member of the Board;"distribution" has the meaning given to it by the Companies Act;"Manufacturing Development Act" means the Manufacturing Development Act, 1993 (Act 187 of 1993);"municipality" means the Saldanha Bay Municipality;"National Minister" means the National Minister responsible for trade and industry;"Province" means the Province of the Western Cape;"provincial government" means the Western Cape government;"Provincial Minister" means the Provincial Minister responsible for economic development in the Province;"Provincial Minister responsible for finance" means the Provincial Minister responsible for finance in the Province;"Public Finance Management Act" means the Public Finance Management Act, 1999 (Act 1 of 1999), including regulations issued in terms of that Act;"SBIDZ" means the Saldanha Bay Industrial Development Zone designated at Saldanha Bay by the Minister of Trade and Industry by General Notice 1081 of 2013 in terms of the Manufacturing Development Act;"Special Economic Zones Act" means the Special Economic Zones Act, 2014 (Act 16 of 2014);"Special Economic Zone" means an area designated as a Special Economic Zone in terms of the Special Economic Zones Act;"the Company" means Saldanha Bay IDZ Licencing Company SOC Ltd, incorporated in terms of the Companies Act under registration number 2012/035625/30;"this Act" includes the regulations made under this Act.2. Status of Company
3. Objects of Company
The objects of the Company are to establish and fulfil the purpose of a Special Economic Zone within the greater Saldanha Bay area, including, but not limited to—4. Functions of Company
5. Board
6. Functions of Board
The Board —7. Board committees
8. Conditions of appointment
9. Chief executive officer
10. Functions of chief executive officer
11. Conditions of service of employees of Company
The Board must determine the remuneration, other service benefits and conditions of service of the chief executive officer and the other employees of the Company.12. Funding and financial control
13. Delegation or assignment of powers or duties
14. Regulations
15. Short title and commencement
This Act is called the Saldanha Bay Industrial Development Zone Licencing Company Act, 2016, and comes into operation on a date determined by the Premier by proclamation in the Provincial Gazette.History of this document
05 August 2016
08 April 2016 this version
31 March 2016
Assented to
Cited documents 5
Legislation 5
1. | Public Finance Management Act, 1999 | 2186 citations |
2. | Promotion of Administrative Justice Act, 2000 | 2107 citations |
3. | Companies Act, 2008 | 1909 citations |
4. | Banks Act, 1990 | 856 citations |
5. | Special Economic Zones Act, 2014 | 42 citations |