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
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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