Section 42 Vacancies

  1. A vacancy in the Regulator occurs if a member—
    1. becomes subject to a disqualification referred to in section 41(1)(g);
    2. tenders his or her resignation as contemplated in section 41(5) and the resignation takes effect;
    3. is removed from office in terms of section 41(6);
    4. dies; or
    5. becomes permanently incapable of doing his or her work.

    1. Where a vacancy has arisen as contemplated in subsection (1), the procedure contemplated in section 41(2) applies.
    2. Any member appointed under this subsection holds office for the rest of the period of the predecessor’s term of office, unless the President, upon recommendation by the National Assembly, appoints that member for a longer period which may not exceed five years.