Department of Public Enterprises
The Repeal of the Overvaal Resorts Limited Bill has been tabled in parliament.
The proposed legislation was drawn up by the public enterprises department.
The draft bill was published for comment in June 2017.
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 bill will be processed by the portfolio committee on public enterprises.