In this Schedule the words listed in this paragraph 1 shall have the following meaning:

“Banks Act”

means the Banks Act, 1990 (Act 94 of 1990), as amended and the Regulations relating to Banks;

“Exemption Notice”

this exemption notice as more fully described in paragraph 5 below;

“Companies Act”

means the Companies Act, 2008 (Act 71 of 2008), as amended;

“Financial Sector Regulation Act”

means the Financial Sector Regulation Act, 2017 (Act 9 of 2017);

“Ithala”

means Ithala SOC Limited, a wholly-owned subsidiary of Ithala Corporation and being a state-owned company registered as such in terms of the Companies Act;

"Ithala Act"

means the KwaZulu–Natal Ithala Development Corporation Act, 2013 (Act 5 of 2013);

"Ithala Corporation"

means the development corporation known as Ithala Development Finance Corporation Limited, referred to in section 2 of the Ithala Act and being a state-owned company registered as such in terms of the Companies Act; and

“Prudential Authority”

means the entity established in terms of section 32 of the Financial Sector Regulation Act.