CAPE TOWN The transfer of the National Ports Authority (NPA) out of the Transnet fold to become an independent, state-owned, entity should happen by means of a transfer of shares, NPA CEO Siyabonga Gama proposed yesterday.
He said a transfer of shares in the NPA from Transnet to the state would remove uncertainty as to which assets and liabilities were being transferred. Such a transfer would not require the formation of a separate legal entity and would not require the cession of existing contracts. It would also be preferable from a tax point of view
......
Read more on Business Day