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Parliament Passes Repeal of the Overvaal Resorts Limited Bill

March 29, 2019

Parliament

29 March 2019

Parliament has passed the Repeal of the Overvaal Resorts Limited Bill and sent it to president Ramaphosa for assent.

The bill was tabled in parliament in December 2017.

The proposed legislation was drawn up by the public enterprises department.

The bill seeks to repeal the Overvaal Resorts Limited Act 123 of 1997.

The act is the founding legislation of Aventura.

The bill will complete the winding down of Aventura.

Cabinet took a decision in 2001 to dispose of the Aventura resorts as they were regarded as non-core assets of government.

The bill stipulates that, despite the repeal of the act, the servitudes acquired under section 3(2) continue to be of force and effect.

The portfolio committee on public enterprises passed the bill without amendments and sent it for concurrence at the end of October 2018.

The select committee on communications and public enterprises also passed the bill without amendments.