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Electronic Communications Act, 2005 (Act No. 36 of 2005)

Chapter 14 : Universal Service and Access Agency of South Africa

85. Banking account

 

The Agency must, with the approval of the Director-General, open and maintain with a bank, registered as such in terms of the Banks Act, 1990 (Act No. 94 of 1990), an account in which there must be deposited the money received by the Agency and from which payments for it or on its behalf may be made.