South African Express Act 34 of 2007

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34 of 2007

The South African Express Act 34 of 2007 aims:

to provide for the transfer of shares, loan accounts, liabilities and guarantees in South African Express (Proprietary) Limited from Transnet Limited to the State to provide for the main objects and powers of South African Express (Proprietary) Limited;
to provide for the borrowing powers of South African Express (Proprietary) Limited;
to provide for the conversion of South African Express (Proprietary) Limited into a public company having a share capital incorporated in terms of the Companies Act, 1973; and
to provide for matters connected therewith.