87. Appointment of Receivers

A High Court which in terms of this Part of this Act is required to appoint a Receiver or a Special Manager in respect of a seized or frozen property suspected to be proceeds of crime, shall select such Receiver or Special

Manager from the list of registered Receivers and Special

Managers published in the Gazette. When making such appointment, the High Court shall take into consideration the following: -

nature and status of the property;

expertise that may be necessary for the protection, preservation, and management of the property;

whether the identified person is willing to accept the appointment of the Receiver or Special

fees payable for the protection, preservation, and management to the identified Receiver or the Special Manager;

views of the Investigation Officer;

views of any party represented at that stage of the judicial proceedings; and

any other factor necessary for the purpose of giving effect to the objectives of this Act.