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Banks Act, 1990 (Act No. 94 of 1990)

Notices

Designation of Institution of which the Activities do not fall within the meaning of "The Business of a Bank"

Ithala Soc Limited (A Wholly Owned Subsidiary of Ithala Development Finance Corporation Limited)

1. Definitions

 

In this Schedule, "the Banks Act" means the Banks Act, 1990 (Act No. 94 of 1990), as amended, and any word or expression to which a meaning has been assigned in the Banks Act or the Regulations relating to Banks shall bear the meaning so assigned thereto and, unless the context otherwise indicates—

 

"KwaZulu-Natal Ithala Development Finance Corporation Act"

means the KwaZulu-Natal Ithala Development Corporation Act, 2013 (Act No. 5 of 2013);

 

"Ithala Development Finance Corporation Limited"

formerly known as "KwaZulu-Finance and Investment Corporation Limited" means the development corporation known as Ithala Development Finance Corporation Limited, referred to in section 2 of the KwaZulu-Natal Ithala Development Finance Corporation Act;

 

"Ithala Corporation"

means Ithala Development Finance Corporation Limited, a public company registered in terms of the Companies Act, 2008 (Act No. 71 of 2008);

 

"Ithala SOC Limited"

means Ithala SOC Limited, a wholly-owned subsidiary of Ithala Corporation, being a state-owned company registered in terms of the Companies Act, 2008 (Act No. 71 of 2008);

 

"Regulations relating to Banks"

means the Regulations relating to Banks published under Government Notice No. R. 1029 of 31 December 2012 as amended from time to time;