South African Institute for Drug Free Sport Act, 1997
R 385
National Payment System Act, 1998 (Act No. 78 of 1998)NoticesDesignation of the South African Post Office Limited, a Postal Company contemplated in Section 3(1) of the Post Office Act, 1958 (Act No. 44 of 1958) which conducts the business of a bank through its Postbank Division, referred to in Section 51 of the Postal Services Act, 1998 (Act No. 124 of 1998), as a Designated Clearing System Participant1. Introduction |
| 1.1 | The South African Reserve Bank ("Reserve Bank") is empowered to designate a clearing system participant in terms of section 6(3)(a) of the National Payment System Act, 1998 (Act No. 78 of 1998 - "Act", as amended). Such designation may be made if the designation is in the interest of the integrity, effectiveness, efficiency or security of the payment system. |
| 1.2 | The objective of this Designation Notice ("Notice") is to designate the South African Post Office Limited through its Postbank Division ("Postbank") as a designated clearing system participant. The designation will enable the Postbank to clear in the manner contemplated in section 4(2)(d)(i) of the Act. |
