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

Precious Metals Regulations

Purchase

(1)	The Regulator may, subject to subregulation (2), within 30 days of the lodgement of an application, issue or renew a jeweller's permit if —

(a)	the applicant has the manufacturing ability or access to appropriate manufacturing resources to conduct the proposed jewellery manufacturing operation; and

(b)	the applicant is not in contravention of any provision of the Act.

(2)	The Regulator may refuse the issuing of a jewellers' permit if the issuing of such permit will—

(a)	result in an exclusionary act; or

(b)	prevent fair competition.