MrGray
Honorary Master
I don't know about it being an offence.
But there is no entity called South African National Roads Agency (Pty) Ltd so any official documentation with that name on it is meaningless.
Not (Pty) Ltd, just Ltd:
The act covers the creation of SANRAL as a SOC and refers to the companies act when doing so:
Incorporation of The South African National Roads Agency Limited
3. (1) The Minister must take all the steps that are necessary for the formation and
incorporation of that agency as a public company with a share capital within the
meaning of the Companies Act, subject to section 2, this section and section 4.
(2) Despite the provisions of the Companies Act, the State will be the only member
and shareholder of that company upon its incorporation and at any time thereafter.
(3) Despite the provisions of the Companies Act—
(a) the Minister, who represents the State, will sign the memorandum of
association, articles of association and all other documents necessary in
connection with the formation and incorporation of the company;
(b) the Registrar of Companies must register the memorandum of association and
articles of association as signed by the Minister, and incorporate the company
as a public company under the name ‘‘The South African National Roads
Agency Limited’’, with the State as its only member and shareholder, and
issue to the company a certificate to commence business with effect from the
date of the company’s incorporation.
(4) (a) The State’s rights as member and shareholder of the Agency are to be exercised
by the Minister.
(b) The relationship between the Agency and the Minister representing the State as the
only member and shareholder, will be as defined in an agreement entered into by the
Agency and the Minister for that purpose, subject to this Act.
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