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

Chapter I : Interpretation and Application of Act

Purchase

Except where expressly stated otherwise, the provisions of this Act, in so far as they impose requirements with which any institution must comply—

(a)	before it may carry on the business of a bank; or

(b)	in the lawful carrying on of the business of a bank;

shall not apply to—

(i)	the Reserve Bank;

(ii)	the Land Bank;

(iii)

the Development Bank of Southern Africa;

(iv)	the Corporation for Public Deposits established by section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984);

(v)	the Public Investment Commissioners referred to in section 2 of the Public Investment Commissioners Act, 1984 (Act No. 45 of 1984);

[Paragraph (b)(v) substituted by section 2 of Act No. 22 of 2013]

(vi)	any mutual bank; or

[Paragraph (b)(vi) substituted by section 2 of Act No. 22 of 2013]

(viA)

a co-operative bank registered under the Co-operative Banks Act, 2007; or

[Paragraph (b)(viA) inserted by section 90, Schedule, of Act No. 40 of 2007]

(vii)

any other institution or body designated by the Minister by notice in the Gazette.