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Precious Metals Act, 2005 (Act No. 37 of 2005)

14. Authorised dealer entitled to buy precious metal in any form

 

 

(1) An authorised dealer may buy precious metal in any form from any person authorised to dispose of semi-fabricated or unwrought precious metal in terms of this Act after such person has shown the dealer a licence, permit, mining or prospecting right or certificate authorising that person to dispose of such precious metal.

 

(2) Where a transaction takes place between an authorised dealer and the holder of a certificate referred to in section 4(1)(d) or 5(1)(d) such certificate must be handed to and retained by the authorised dealer for such period as may be prescribed.