Precious Metals Act, 2005 (Act No. 37 of 2005)

In these regulations any word or expression to which a meaning has been assigned in the Act shall have the meaning so assigned and, unless the context otherwise indicates –

"carat"

means a measure of the purity of gold on the gold carat scale, which expresses the proportion of gold in parts per 24 by mass of an alloy contained in Table 1 of Annexure B;

"carat gold alloys"

means semi-fabricated precious metal in the form of gold alloys with the range of purity specified in Table 2 of Annexure B;

"certified copy"

means a copy of a document certified as such by a commissioner of oaths;

"dental alloys"

means semi-fabricated precious metal in the form of alloys conforming to specifications approved by the South African Bureau of Standards or the Health Professions Council of South Africa;

"exclusionary act"

means an act or practice which unfairly impedes or prevents any person from entering or remaining in the precious metals industry, or from entering or remaining in a market connected to that industry;

"fineness"

means the degree of purity of a precious metal, expressed in parts per thousand by mass;

"form"

means a document or standard form attached to the regulations in Annexure C;

"precious metal alloy"

means semi-fabricated precious metal in the form of an alloy made from a mixture of refined precious metal with one or more than one refined metal(s), and includes carat gold alloys, dental alloys and platinum and palladium jewellery alloys;

"the Act"

means the Precious Metals Act, 2005 (Act No. 37 of 2005).

"the Regulations"

mean the Regulations promulgated by Government Notice No. R.570 of 9 July 2007.

[Definition amended by  Notice No. R. 387 dated 4 April 2008]