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

Regulations Relating to the South African Reserve Bank

Chapter VII : Accounting and Audit

22. Appointment of auditors



22.1) At every ordinary general meeting, the shareholders shall-
a) appoint at least two firms of auditors registered under the Auditing Profession Act, 2005 (Act No. 26 of 2005);
b) approve the remuneration of the auditors on recommendation of the Board.


22.2) If an ordinary general meeting fails to appoint auditors, the Board shall, within 30 days of that meeting, appoint a firm or firms to fill any vacancy.