Currency and Exchanges Act, 1933 (Act 9 of 1933)

Regulations

Purchase

[Heading of Rule 4 amended by Government Notice No. R 969 of 1997]

In terms of regulation 3, exemption is hereby granted from the obligation to obtain the permission of the Treasury—

(a)	to take or send out of the Republic any bank-notes to Namibia, Lesotho and Swaziland;

[Rule 4(a) amended by Government Notice No. R 969 of 1997]

(b)	to draw or negotiate any bill of exchange or promissory note, or to transfer any security or to acknowledge any debt, so that a right (whether actual or contingent) on the part of such person or any other person to receive a payment in the Republic is created or transferred as consideration for—

(i)	the receiving by such person or any other person of a payment or the acquisition by such person or any other person of property in Namibia, Lesotho and Swaziland; or

(Rule 4(b)(i) amended by Government Notice No. R 969 of 1997]

(ii)	a right (whether actual or contingent) on the part of such person or any other person to receive a payment or acquire property in Namibia, Lesotho and Swaziland;

[Rule 4(b)(ii) amended by Government Notice No. R 969 of 1997]

or to make or receive any payment as such consideration.

[Rule 4(b) amended by Government Notice No. R 969 of 1997]

[Rule 4 substituted by Government Notice No. R 1480 of 1976]