28 February 2007

AMENDMENTS PROPOSED SOUTH AFRICAN AIRWAYS BILL [B35-2006]

CLAUSE 1

1. On page 2, line 15, to omit "of' and to substitute "responsible for"

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 1 0, to omit subsection (2) and to substitute:

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

CLAUSE 7

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

CLAUSE 10

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

NEW PREAMBLE

1. That the following be a new preamble:

Option A

Since the Republic's rapidly developing economy requires reliable and extensive air transport capacity;

And since the State desires to promote air links with the Republic's main business, trading and tourism markets within the African continent and internationally;

And since the State has a developmental orientation and regards South African Airways as a national carrier and strategic asset that would enable the State to preserve its ability to contribute to key domestic, intra-regional and international air linkages, the State intends to retain it as a national carrier.

Option B

Since the Republic's rapidly developing economy requires reliable and extensive air transport capacity;

And since the State desires to promote air links with the Republic's main business, trading and tourism markets within the African continent and internationally;

And since the State regards South African Airways as a strategic asset that would enable the State to preserve its ability to contribute to key domestic, intra-regional and international air linkages, the State intends to retain it as a national carrier.