South African Postbank SOC Limited Act, 2010 (Act No. 9 of 2010)Chapter V : Funds and Financial Accounts of Company22. Funds of Company and bank controlling company |
[Section 22 heading substituted by section 13(a) of the South African Post Bank Limited Amendment Act, 2023, Notice No. 3746, GG49374, dated 27 September 2023: effective 19 February 2024, Commencement Proclamation 152, GG50126, dated 15 February 2024]
The funds of the Company and bank controlling company consist of—
[Words preceding section 22 substituted by section 13(b) of the South African Post Bank Limited Amendment Act, 2023, Notice No. 3746, GG49374, dated 27 September 2023: effective 19 February 2024, Commencement Proclamation 152, GG50126, dated 15 February 2024]
| (a) | capital vested in the Company and bank controlling company by virtue of section 7; |
| (b) | funds derived from its operating activities; |
| (c) | money appropriated by Parliament; and |
| (d) | moneys lawfully received from any other source. |
[Section 22(a) substituted by section 13(c) of the South African Post Bank Limited Amendment Act, 2023, Notice No. 3746, GG49374, dated 27 September 2023: effective 19 February 2024, Commencement Proclamation 152, GG50126, dated 15 February 2024]