Republic of Namibia 2 Annotated Statutes Posts and Telecommunications Companies Establishment Act 17 of 1992 CHAPTER I SUCCESSOR COMPANIES 2. 3. 4. 5. Establishment of successor companies Application of provisions of Companies Act Transfer of postal enterprise and telecommunications enterprise to successor companies Shareholding in successor companies CHAPTER II STAFF MATTERS 6. Transfer to successor company CHAPTER III MISCELLANEOUS 7. 8. 9. 10. Security for payment of deposits in Savings Bank Financial statements of successor companies Repeal of laws and savings Short title and commencement SCHEDULE - LAWS REPEALED OR AMENDED BE IT ENACTED by the National Assembly of the Republic of Namibia, as follows:PRELIMINARY Definitions 1. In this Act, unless the context otherwise indicates - “Companies Act” means the Companies Act, 1973 (Act 61 of 1973); [The Companies Act 61 of 1973 has been replaced by the Companies Act 28 of 2004.] “department” means the Department of Posts and Telecommunication as existing in the Ministry of Works, Transport and Communications immediately before the transfer date; “employee” in relation to a person in the employment of the department, means an employee as defined in section 1 of the Public Service Act, 1980 (Act 2 of 1980); [The Public Service Act 2 of 1980 has been replaced by the Public Service 13 of 1995. Section 38 of Act 13 of 1995 provides that certain expressions relevant to Act 2 of 1980 shall be construed to refer to certain corresponding expressions relevant to Act 13 of 1995, but does not say anything about references to the term “employee”. Act 13 of 1995 contains no definition of “employee”.] “holding company” means Namibia Post and Telecom Holdings Limited established by section 2(1)(c); “Minister” means the Minister of Works, Transport and Communication;