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Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter II : The South African Diamond Regulator

Part 2 : State Diamond Trader

17F. Funds of State Diamond Trader

 

1)
a) capital invested in or lent to the State Diamond Trader;
b) loans raised by the State Diamond Trader;
c) the proceeds of any sale of assets;
d) interest earned by the State Diamond Trader on money invested by it;
e) moneys received by way of grant, contribution, donation or inheritance from any source inside or outside the Republic; and
f) moneys that may accrue from any other source.

 

2) The State Diamond Trader shall utilise its funds to defray the expenses incurred by the State Diamond Trader in the performance of its functions under this Act.

 

3) Moneys received by way of grant, contribution, donation or inheritance shall be utilised in accordance with any conditions imposed by the grantor, contributor, donor or testator concerned.