Older Persons Act, 2006
R 385
South African Reserve Bank Act, 1989 (Act No. 90 of 1989)Regulations Relating to the South African Reserve BankChapter VI : Allocation of Surplus20. Dividends |
| 20.1) | Any dividend payable in terms of section 24 of the Act shall be paid to shareholders pro rata to their shareholding. |
| 20.2) | The Bank shall pay a shareholder by - |
| a) | transmission into the shareholder's nominated bank account; or |
| b) | a cheque sent to the shareholder's nominated address for receipt of dividends; or |
| c) | any other means agreed upon between the Bank and the shareholder. |
| 20.3) | Unclaimed dividends may be invested or used by the Bank in a manner approved by the Board and paid to the shareholder without interest upon receipt of a written valid claim. |
