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

Regulations Relating to the South African Reserve Bank

Chapter VI : Allocation of Surplus

20. Dividends



20.1) Any dividend payable in terms of section 24 of the Act shall be paid to shareholders pro rata to their shareholding.


20.2) The Bank shall pay a shareholder by -
a) transmission into the shareholder's nominated bank account; or
b) a cheque sent to the shareholder's nominated address for receipt of dividends; or
c) any other means agreed upon between the Bank and the shareholder.


20.3) Unclaimed dividends may be invested or used by the Bank in a manner approved by the Board and paid to the shareholder without interest upon receipt of a written valid claim.