Parastatal Organization definition
Parastatal Organization means an organisation which is not an integral part of the Government, but includes an institution, organisation or agency which is wholly or substantially financed or owned and controlled by the Government;
Parastatal Organization. ' means any body corporate established by or
Parastatal Organization. , as used in this clause, means a corporation, partnership, or entity owned, controlled, or subsidized by the Government of South Africa. It does not include a corporation, partnership, or entity which previously received start up assistance from the South African Industrial Development Corporation but which is now privately owned and which is not owned, controlled, or subsidized by the Government of south Africa.
More Definitions of Parastatal Organization
Parastatal Organization. ' means--
Parastatal Organization means any body corporate the equity capital of which is at least fifty percent directly or indirectly owned by the Borrower and units of the Borrower’s ministries which operate revenue generating and self-accounting business activities;
Parastatal Organization means any statutory corporation wholly or partly funded by the State or where control and management is subject to general directions of policy from the Sate or a Minister;