The kinds of assets contemplated in section 31(1)(b) , are those set out in the following Table:
Table
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Item No. |
Description of assets |
1) Bank notes and coins, including Krugerrand coins of all denominations, issued or caused to be issued in terms of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989)
2) A credit balance in an account with, or a deposit, including a negotiable deposit or a bill, accepted by, or a promissory note issued by, an institution registered under the Banks Act, 1990 (Act No. 94 of 1990), or the Mutual Banks Act, 1993 (Act No. 124 of 1993)
3) Public deposits with the Corporation for Public Deposits established by section 2 of the Corporation for Public Deposits Act, 1984 Act No. 46 of 1984)
4) Securities issued by, and loans made to, the Government of the Republic in terms of section 19 of the Exchequer Act, 1975 (Act No. 66 of 1975)
5) Securities and loans guaranteed by a Minister of the Republic under section 35 of the Exchequer Act, 1975.
6) Securities issued or guaranteed by, and loans made to or guaranteed by, a body, council or institution under the repealed Provincial Government Act, 1961 (Act No. 32 of 1961)
7) Securities issued by, and loans made to, the Local Authorities Loans Fund Board under the repealed Local Authorities Loans Fund Act, 1984 (Act No. 67 of 1984)
8) Securities issued or guaranteed by, and loans made to or guaranteed by, the Rand Water Board under the Rand Water Board Statutes (Private) Act, 1950 (Act No. 17 of 1950)
9) Securities issued or guaranteed by, and loans made to or guaranteed by, Eskom under the Eskom Act, 1987 (Act No. 40 of 1987)
10) Securities issued or guaranteed by, loans made to or guaranteed by, and deposits with, the Land and Agricultural Bank of South Africa under the Land Bank Act, 1944 (Act No. 13 of 1944)
11) Securities issued or guaranteed, and loans raised or guaranteed, under the Legal Succession to the South African Transport Services Act, 1989 (Act No. 9 of 1989)
12) Securities and loans, n.e.s., which are--
a) issued by or made to a body corporate established by a law of the Republic; and
b) approved by the Registrar for the purposes of this Schedule generally by notice in the Gazette subject to the conditions determined by the Registrar and specified in the notice.
13) Securities issued by--
a) the government of;
b) a local authority in; or
c) a body corporate established by a law of,
a territory forming part of the Republic but which territory at any time before 27 April 1994 did not form part of the Republic, which securities have been approved by the Registrar for the purposes of this Schedule generally by notice in the Gazette and subject to the conditions determined by the Registrar and specified in the notice.
14) Immovable property in the Republic.
15) Motor vehicles, furniture and office equipment, including computer equipment, used by the long-term insurer concerned in the course of its business in the Republic.
16)
1) Shares and securities issued by a company incorporated in the Republic.
2) Shares, debentures and depository receipts which are-
a) issued by an institution incorporated outside the Republic; and
b) listed on a licensed stock exchange in the Republic.
3) Linked units--
a) in respect of institutions one or more of which is or are incorporated outside the Republic; and
b) which are listed on a licensed stock exchange in the Republic.
4) Loan stock listed on a licensed stock exchange in the Republic issued by a company incorporated in the Republic.
5)
a) Listed –
(i) securities issued by a government of a country other than the Republic; or
(ii) securities and shares issued by an institution incorporated outside the Republic
b) A credit balance in an account with, or a deposit, including a negotiable certificate of deposit or a bill, accepted by, an institution incorporated outside the Republic, which would have been a bank in terms of the Banks Act, 1990, if it were incorporated in the Republic.
c) Units which are derived from or linked to one or more assets referred to in paragraphs (a) and (b).
d) Derivatives and margin deposits on the assets referred to in paragraphs (a) and (b).
17) Participatory interests in a collective investment scheme registered in terms of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002);
18) Derivatives and the margin deposit in the Republic.
19) Claims secured--
a) by mortgages over immovable property in the Republic; and
b) solely by the policy benefits which are to be provided in the Republic by the long-term insurer in terms of a long-term policy.
20) Other claims, n.e.s., against –
a) a long-term insurer in terms of a long-term policy;
b) a person in the Republic, excluding premiums due and payable to the long-term insurer in respect of long-term insurance business carried on in the Republic; and
c) a body corporate and any stock or shares in a body corporate which is not incorporated and registered in the Republic but which, in the opinion of the Registrar, carries on business in the Republic and which has been approved by the Registrar generally by notice in the Gazette and subject to the conditions determined by the Registrar and specified in the notice.
21) Premiums due and payable to the long-term insurer in respect of long-term insurance business carried on in the Republic.