Foodstuffs, Cosmetics and Disinfectants Act, 1972
R 385
Precious Metals Act, 2005 (Act No. 37 of 2005)Precious Metals RegulationsAnnexure B |
| 1. | Transitional arrangements |
Any person who at the commencement of the Act undertakes any activity for which a licence, permit or approval is required in terms of the Act, but for which activity no authorization was required under the Mining Rights Act, 1967 (Act 20 of 1967), may continue with that activity for a period of 60 days after the commencement of the Act or until any application for a licence, permit or approval that has been lodged under the Act within such 60 days has been processed to finality.
| 2. | Table 1 |
| a) | Mass, size and purity; general appearance and finish; required identifying marks; registration numbers; and the mode of manufacture of minted bars shall be as set out in the Table below: |
|
Mode of manufacture |
A minted bar is made from a precious metal blank (bar) that has been stamped/punched out to the required dimensions from a flat strip of precious metal with a purity of at least 99,990/0. The punched out bar is then minted in a purpose-designed minting press. |
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Mass |
10, 50, or 100 grams |
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Dimensions |
Dimensions of minted bars will be published by notice in the Gazette |
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Precious metal content |
>99,99% purity (> 999,9 fineness). |
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Required identifying marks |
The following identifying marks must be stamped on the minted bar:
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Alphanumerical registration number |
A unique registration number (including the initials of the approved manufacturer and a six digit serial number) must be stamped on the minted bar. |
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General appearance and finish |
A minted bar should appear polished, i.e. possess a smooth finish and have no cavities. |
Table 1
| b) |
|
Denominations of precious metal bars |
Standard mass(gram) |
Standard fineness based on minimum mass |
|
Gold-minted bar |
10 g |
999,9 |
|
Gold-minted bar |
50 g |
999,9 |
|
Gold-minted bar |
100 g |
999,9 |
|
Platinum |
1 Troy ounce |
999,5 |
|
Palladium bar |
1 Troy ounce |
999,5 |
[Table 1(b) inserted by regulation 13 of Notice No. R.387 dated 4 April 2008]
3. Table 2
CARAT GOLD SCALE
|
Carat |
Minimum purity of gold expressed as a percentage |
Minimum fineness(gold content expressed in parts per 1 000) |
|
9 |
37,5% |
375 |
|
14 |
58,5% |
585 |
|
18 |
75,0% |
750 |
|
22 |
91,6% |
916 |
|
24 |
99,5% |
995 |
4. Table 3
PLATINUM AND PALLADIUM SCALE
|
Minimum purity of platinum/palladium content expressed as a percentage |
Minimum fineness of platinum/palladium content expressed in parts per 1 000 |
|
85% |
850 |
|
90% |
900 |
|
95% |
950 |
|
99,9% |
999 |
