Legal succesion to the South African Transport Service Act.pdf

Summary

This 1989 South African statute details the legal transformation of the South African Transport Services from a state entity into a public company. The primary objective of the legislation was to facilitate the transfer of assets, liabilities, and employees to a new corporate body while maintaining the State as the sole shareholder. Additionally, the act established the South African Rail Commuter Corporation Limited to oversee public rail services and defined its operational powers. Comprehensive sections address transitional arrangements, such as the continuation of medical schemes, insurance funds, and the legal status of existing contracts. The document also outlines the State’s financial guarantees and the specific regulatory framework governing the new company's commercial activities. Finally, the text provides operating provisions for transport services, including liability rules for incidents involving livestock or fire damage.