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
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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;