Regulations > Precious Metals Regulations > Annexures

1.	Transitional arrangements

Any person who at the commencement of the Act undertakes any activity for which a licence, permit or approval is required in terms of the Act, but for which activity no authorization was required under the Mining Rights Act, 1967 (Act 20 of 1967), may continue with that activity for a period of 60 days after the commencement of the Act or until any application for a licence, permit or approval that has been lodged under the Act within such 60 days has been processed to finality.

Table 1

a)	Mass, size and purity; general appearance and finish; required identifying marks; registration numbers; and the mode of manufacture of minted bars shall be as set out in the Table below:

Mode of manufacture

A minted bar is made from a precious metal blank (bar) that has been stamped/punched out to the required dimensions from a flat strip of precious metal with a purity of at least 99,990/0. The punched out bar is then minted in a purpose-designed minting press.

Mass

10, 50, or 100 grams

Dimensions

Dimensions of minted bars will be published by notice in the Gazette

Precious metal content

>99,99% purity (> 999,9 fineness).

Required identifying marks

The following identifying marks must be stamped on the minted bar:

i)	A hallmark certifying the abovementioned purity;

ii)	a dated letter of the year of manufacture (letter starting alphabetically with "A" for 2006); and

iii)	a registered trademark of the approved manufacturer.

Alphanumerical registration number

A unique registration number (including the initials of the approved manufacturer and a six digit serial number) must be stamped on the minted bar.

General appearance and finish

A minted bar should appear polished, i.e. possess a smooth finish and have no cavities.

Table 1

Denominations of precious metal bars	Standard mass(gram)	Standard fineness based on minimum mass
Gold-minted bar	10 g	999,9
Gold-minted bar	50 g	999,9
Gold-minted bar	100 g	999,9
Platinum	1 Troy ounce	999,5
Palladium bar	1 Troy ounce	999,5

[Table 1(b) inserted by regulation 13 of Notice No. R.387 dated 4 April 2008]

3. Table 2

CARAT GOLD SCALE

Carat	Minimum purity of gold expressed as a percentage	Minimum fineness(gold content expressed in parts per 1 000)
9	37,5%	375
14	58,5%	585
18	75,0%	750
22	91,6%	916
24	99,5%	995

4. Table 3

PLATINUM AND PALLADIUM SCALE

Minimum purity of platinum/palladium content expressed as a percentage	Minimum fineness of platinum/palladium content expressed in parts per 1 000
85%	850
90%	900
95%	950
99,9%	999

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

Regulations

Precious Metals Regulations

Annexures

Annexure B