Precious Metals Act, 2005 (Act No. 37 of 2005)

Precious Metals Regulations

Purchase

(1)	The Regulator may within 60 days of the lodgement of an application, issue a special permit contemplated in section 4(1)(e) or 5(1)(e) of the Act if —

(a)	the applicant is not in contravention of any provision of the Act; and

(b)	the business plan is compatible with the intended scientific, beneficiation or jewellery manufacturing operation.

(2)	The Regulator may refuse the issuing of a special permit if the issuing of such certificate will —

(a)	result in an exclusionary act; or

(b)	prevent fair competition.