If one did not prefer T1 encoding, and was using pdflatex, the other option is to use Bruno's \slantbox (Shear transform a "box").
\documentclass{article}
\newsavebox\foobox
\newcommand{\slantbox}[2][.2]{\mbox{%
\sbox{\foobox}{#2}%
\hskip\wd\foobox
\pdfsave
\pdfsetmatrix{1 0 #1 1}%
\llap{\usebox{\foobox}}%
\pdfrestore
}}
\begin{document}
Here is the section sign, \S,\\ and here it is slanted: \slantbox{\S}.
\end{document}

ADDENDUM
The OP, in a comment, indicates an issue with not wanting the symbol slanted in the toc. This gives the impression that the symbol is being used in a section name. It can be easily arranged as follows, to appear unslanted in the toc and slanted in section titles.
If it only shows up once or twice, the optional argument to \section can be used:
\documentclass{article}
\newsavebox\foobox
\newcommand{\slantbox}[2][.2]{\mbox{%
\sbox{\foobox}{#2}%
\hskip\wd\foobox
\pdfsave
\pdfsetmatrix{1 0 #1 1}%
\llap{\usebox{\foobox}}%
\pdfrestore
}}
\begin{document}
\tableofcontents
\noindent\hrulefill
\section[Here is a section symbol \S]{Here is a section symbol \slantbox{\S}}
\end{document}
If it is regularly occurring symbol, this redefinition approach will suffice.
\documentclass{article}
\newsavebox\foobox
\newcommand{\slantbox}[2][.2]{\mbox{%
\sbox{\foobox}{#2}%
\hskip\wd\foobox
\pdfsave
\pdfsetmatrix{1 0 #1 1}%
\llap{\usebox{\foobox}}%
\pdfrestore
}}
\newcommand\slanted[2][]{#2}
\begin{document}
\tableofcontents
\renewcommand\slanted[2][.2]{\slantbox[#1]{#2}}
\noindent\hrulefill
\section{Here is a section symbol \slanted{\S}}
\end{document}
\textsl{}) version doesn't seem to exist either. You could fake one with XeTeX or use it to get a different font – Au101 Apr 18 '16 at 00:26xversus\textit{x}. But no I'm pleased and surprised it was so easy, you deserve the tick :) – Au101 Apr 18 '16 at 01:07xlooked like the obliquex, though, whatever the other glyphs looked like. I'd just count it as a bad italic x. So when does a bad italic font become a non-italic font ... ?? – cfr Apr 18 '16 at 01:26