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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)

Notice No. 320 of 2015

 

Notice 633 of 2017

25 August 2017

GG 41064

 

South African Reserve Bank

 

Under paragraph (cc) of the definition of "the business of a bank", in section 1(1) of the Banks Act, 1990 (Act No. 94 of 1990), I, Malusi Knowledge Nkanyezi Gigaba, Minister of Finance, hereby designate, for the period commencing 1 October 2017 and expiring on 30 September 2019, and subject to the conditions set out in paragraph 3 of the Schedule, an institution specified in paragraph 2 of the Schedule as an institution of which the activities do not fall within the meaning of "the business of a bank".

 

 

M K N GIGABA, MP

Minister of Finance

 

 


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