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'building society'

means a permanent building society as referred to in section 94 of the Mutual Banks Act, 1993 ( Act No. 124 of 1993 ), or a building society as referred to in section 93 of the Banks Act, 1990 ( Act No. 94 of 1990 );

[Definition of 'building society' substituted by section 1(c) of Act No. 74 of 1998]