South African Reserve Bank Act, 1989 (Act No. 90 of 1989)Regulations Relating to the South African Reserve BankChapter VI : Allocation of Surplus20. Dividends |
20.1 | Any dividend payable in terms of section 24 of the Act shall be paid to shareholders pro rata to their shareholding. |
20.2 | The Bank shall pay a shareholder by— |
(a) | transmission into the shareholder's nominated bank account; or |
(b) | a cheque sent to the shareholder's nominated address for receipt of dividends; or |
(c) | any other means agreed upon between the Bank and the shareholder. |
20.3 | Unclaimed dividends may be invested or used by the Bank in a manner approved by the Board and paid to the shareholder without interest upon receipt of a written valid claim. |