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Banks Act, 1990 (Act No. 94 of 1990)

Notices

Designation of Institution of which the activities do not fall within the meaning of "The business of a bank"

Financial Service Co-operative

Notice No. R. 887 of 2008

 

Notice No. R. 887

22 August 2008

GG 31342

 

South African Reserve Bank

 

I, Trevor Andrew Manuel, Minister of Finance, acting in terms of paragraph (dd)(i) of the definition of "the business of a bank", in section 1 of the Banks Act, 1990 (Act No. 94 of 1990), hereby—

(a) revoke Government Notice No. R. 671 of 1 January 2007; and
(b) designate an institution specified in paragraph 2 of the Schedule as an institution of which the activities do not fall within the meaning of "the business of a bank, subject to the conditions set out in paragraph 3 of the Schedule.

 

 

T A Manuel, MP

Minister of Finance