21 February 2007

AMENDMENTS PROPOSED TO SOUTH AFRICAN AIRWAYS BILL [B35-2006]

CLAUSE 3

1. On page 3, from line 23, to omit "in respect of the SAA Shares",

CLAUSE 6

1. On page 4, from line 10, to omit subsection (2) and to substitute:

(2) For the purposes of section 33(1) of the Companies Act, none of the objects ancillary to the main objects of SAA are excluded.

CLAUSE 7

1. On page 4, in line 16, to omit "section 6(1)" and to substitute "section 6".

CLAUSE 10

1. On page 4, fin line 30, to omit "2006" and to substitute "2007".

NEW PREAMBLE

1. That the following be a new preamble:

Since the Republic's rapidly developing economy requires reliable and extensive air transport capacity, the State desires to promote air links with the Republic's main business, trading and tourism markets within the African region and internationally;

And since retaining South African Airways as the national carrier and as a strategic asset would enable the State to preserve its ability to contribute to key domestic, intra-regional and international air linkages in support of domestic and continental economic growth,