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South African Reserve Bank Act, 1989 (Act No. 90 of 1989)

24. Allocation of surplus



Of the surplus (if any) remaining at the end of a financial year of the Bank after provision has been made for-

a) bad and doubtful debts;
b) depreciation in assets;
c) gratuities or other pension benefits for its officers and employees;
d) all such items as are usually provided for by bankers; and
e) the payment to the shareholders, out of net profits, of a dividend at the rate of ten per cent per annum on the paid-up share capital of the Bank,

one tenth shall be allocated to the reserve fund of the Bank and nine-tenths shall be paid to the Government.