OFFICE
OF THE PRESIDENT
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- No. 1539.
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6 October 1995
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- NO. 78 OF 1995: NATIONAL
SUPPLIES PROCUREMENT AMENDMENT ACT, 1995
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- It is hereby notified that
the President has assented to the following Act which is hereby
published for general information:-
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- GENERAL EXPLANATORY NOTE:
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- ** ** Words between
asterisks indicate omissions from existing enactments.
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- << >> Words
between pointed brackets indicate insertions in existing
enactments.
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ACT
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- To amend the National
Supplies Procurement Act, 1970, so as to amend the definition of
Minister; and to provide that a bank account
for the National
Supplies Procurement Fund may be opened with any commercial bank;
and to provide for matters connected therewith.
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- (Afrikaans text signed
by the President.) (Assented to 28 September 1995.)
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BE IT ENACTED by the
Parliament of the Republic of South Africa, as follows:- Amendment
of section 1 of Act 89 of 1970, as amended
by section 1 of Act 89 of
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1974, section 1 of Act 31
of 1982 and section 1 of Act 25 of 1988
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- 1. Section 1 of the
National Supplies Procurement Act, 1970 (hereinafter referred to as
the principal Act), is hereby amended
by the substitution for the
definition of "Minister" of the following definition:
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"
'Minister' means the Minister of **Economic Affairs and Technology** -
<<Trade and
Industry>>.".
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- Amendment of section 12 of
Act 89 of 1970, as amended by section 19 of Act 63 of
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1973, section 3 of Act 31 of
1982 and section 4 of Act 25 of 1988
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- 2. Section 12 of the
principal Act is hereby amended by the substitution for subsection
(4) of the following subsection:
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- "(4) A banking
account shall be opened for the fund with **the South African
Reserve Bank** <<any bank as defined in
section I of the Banks
Act, 1990 (Act No. 94 of 1990).>>".
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- Short title
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3. This
Act shall be called the National Supplies Procurement Amendment Act, -
1995.
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